Keystone Dental has agreed to pay Nobel Biocare $2 million; to stop trying to hire Nobel Biocare employees until February 1, 2009; and to destroy all confidential or proprietary Nobel Biocare information in its possession, according to Nobel Biocare.
The agreement settles a lawsuit Nobel Biocare filed in 2007 claiming that Keystone had hired its sales and marketing employees in an attempt to gain a competitive advantage, Nobel Biocare stated in a press release Thursday.
Nobel Biocare also charged that some of these employees used confidential and proprietary information belonging to Nobel Biocare to develop competitive products for Keystone Dental.
Keystone Dental did not respond to a request for comments.
