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    Toro settles dispute over soil-monitoring technology

    By Dan Haugen | Published Tue, Jul 28 2009 10:25 am

    I wonder if this economy has companies reconsidering the prospect of long, drawn-out legal battles.

    Today brings news of another settlement announcement from a prominent Minnesota company -- the third we've reported in as many weeks.

    The Toro Co. says it's reached a settlement with Advanced Sensor Technology to end their dispute over wireless soil-monitoring technology. Neither party admitted wrongdoing, and the terms were confidential.

    Medtronic said Monday it would pay $400 million to end a dispute over stents with Abbott Laboratories, and Imation said earlier this month that it would pay $53 million to Philips Electronics to settle a disagreement over their recordable optical media.

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    Business Agenda reports on what's going on at businesses in Minnesota. Business Agenda provides brief, quick-reading items about important companies in Minnesota and the people who work at those firms. Business Agenda features new items every day Monday through Friday. 

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