ROANOKE, Va. (AP) -- Luna Innovations Inc. says it expects to emerge from Chapter 11 bankruptcy protection.
Luna will present its reorganization plan to a federal bankruptcy judge Tuesday at a hearing in Roanoke.
The plan includes the settlement of a lawsuit between Luna and Hansen Medical Inc. Under the settlement, Luna would pay $5 million and give Hansen about 1.3 million shares of common stock.
Luna Chairman and CEO Kent Murphy said Monday in a conference call with investors that the Roanoke-based company will emerge from Chapter 11 as a stronger company.
Luna develops and manufactures health care and telecommunications products. It filed for Chapter 11 bankruptcy protection in July 2009.
