Light Instruments, a subsidiary of Syneron Medical, filed a lawsuit on March 9, 2011, in Tel Aviv District Court in Israel against Italian firm Creation for breach of contract.
Light Instruments is seeking 620,000 euros ($886,104 U.S.), alleging that Creation has failed to honor an OEM contract between the two companies. That agreement called for Creation to purchase LiteTouch dental lasers from Light Instruments for a total of 750,000 euros ($1.07 million).
After receiving the laser devices, Creation allegedly failed to fulfill its contractual obligations to pay Light Instruments the agreed sum, according to Light Instruments. The company's lawyers say that, despite Creation's alleged breach of its obligations to pay for the laser devices, it continues to hold dozens of these devices, offering the devices for sale to distributers around the world.
"Creation continues to ignore its contractual obligations, collecting the entirety of its profits from LiteTouch sales directly into its pockets, evading all attempts by Light to receive payment due for its laser devices," the company said.
