Cyberonics, Inc. CYBX today
announced that the lawsuit filed by former employee Andrew Hagerty in federal
district court in Massachusetts was voluntarily dismissed without prejudice by
Mr. Hagerty on February 1, 2013. The company has asserted that, under the
terms of his employment, Mr. Hagerty's claims are subject to binding
arbitration. Mr. Hagerty has the right to re-file the lawsuit or to pursue a
resolution through binding arbitration.
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