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Celera Corporation Announces Lawsuit Settlement Agreement

Yesterday, Celera Corporation of Alameda announced a settlement agreement between one of its wholly owned subsidiaries, and Health Diagnostic Laboratory, Inc. (HDL), Blue Wave Healthcare Consultants, Inc., as well as seven former Berkeley HeartLab employees. Berkeley HeartLab (BHL) is owned by Celera.

Berkeley HeartLab had previously sued HDL, Blue Wave, and the former employees, in the United States District Court for the Eastern District of Virginia, asserting contractual, tort and statutory claims against the defendants.

Under the settlement, HDL will pay BHL (Celera) an aggregate of roughly $7 million through a series of payments in 2010 and 2011; approximately $3.8 million will be paid in 2010.

The settlement also contains prohibitions on HDL, Blue Wave and the former employees from performing lab testing services for healthcare providers that were BHL customers during the latter half of 2009.

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