Swissray International (SRMI) filed a lawsuit against Elscint (ELT), a unit of Israel -based Elbit Medical Imaging for fraud, breach of contracts and other claims in connection with two distribution agreements executed in August 1998, stated a press release.
Swissray said the suit, filed in New York Supreme Court, alleges that Elscint breached agreements to distribute Swissray technology internationally and for Swissray to distribute Elscint imaging equipment in Switzerland.
Swissray said the complaint also alleges various improprieties in Elscint's negotiation tactics and fraudulent concealment of the impending sale of its imaging businesses. Swissray said Elscint's breach of the distribution agreement delayed the deployment of its technology internationally. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
