Dymotech Sues Shamir Subsidiary

Shamir Optical Industry Ltd., a provider ofproducts and technology to the ophthalmic lens market, announced that its subsidiary, Shamir and Inray Ltd.,  was served with a lawsuit by Dymotech Ltd., Shamir's co-shareholder in Inray Ltd. The lawsuit, filed in Israel, claims Shamir illegally used the intellectual property of the Technion Israel Institute of Technology. Dymotech also requested a restraining order against future use of its alleged intellectual property. The total amount claimed is approximately $28 million.