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Pryor Cashman Partner Jamie Brickell Leads Team To $12.7 Million Arbitration Award For Former CryoGen Shareholders Against American Medical Systems, Inc.
Associated Press and Biz.Journals.comFebruary 4, 2008
Press Release and Media Coverage
In a unanimous arbitration decision issued December 18, 2007, Pryor Cashman litigation partners Jamie M. Brickell and Lisa M. Buckley, working with litigation associates Anika Lewis and Mario M. Choi, obtained a $12.7 million award, including more than $1 million in legal fees and costs, against American Medical Systems, Inc. (AMS).
The dispute arose out of AMS’ acquisition of CryoGen, Inc. (CryoGen) pursuant to an agreement requiring AMS to utilize “commercially reasonable” efforts in exploiting CryoGen’s “Her Option” product during a three-year earn out period.
To read more about the arbitration and the decision, please click on any of the links below:
- American Medical Systems Financial Release (January 7, 2008)
- "American Med Loses Dispute, CEO Resigns" (Associated Press, January 7, 2008)
- "American Medical CEO resigns; lawsuit costs it $13M" (Biz.Journals.com, January 7, 2008)
