NEW YORK (GenomeWeb) – CombiMatrix today announced that it has finalized a settlement that ends an insurance fraud lawsuit filed against the company by a former employee.

In 2011, ex-CombiMatrix employee Michael Strathmann filed a suit in a California Superior Court alleging that the company, as well as former CEO Amit Kumar and former partner Acacia Research, submitted false and fraudulent insurance claims to the National Union Fire Insurance Company.

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