Inventor Seeks Share of Trimedyne Settlement

Royce B. Everett, co-inventor of certain laser devices with Trimedyne Inc., has filed suit seeking a share of $6.5 million that the Irvine company received in settling a 3-year-old lawsuit against distributor C.R. Bard Inc.

The suit, which names Trimedyne and Bard as defendants, alleges breach of an exclusive, global distribution agreement among other claims, Trimedyne said Wednesday.

Trimedyne, which makes medical lasers, said it does not believe Everett is entitled to receive any portion of the settlement, calling his suit “without merit.”