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Roanoke's bankruptcy court may release Luna Innovations Inc. from bankruptcy and end the lawsuit between the Roanoke company and Hansen Medical Inc. in less than a month.

Bankruptcy Court Judge William Stone will hear both motions the afternoon of Jan. 12, so Luna, which makes medical fiber optics, won't risk losing its listing on the Nasdaq Stock Market, Stone said in a hearing Tuesday.

The Nasdaq listing qualifications panel gave the company until Dec. 31 to reorganize successfully, and can extend that deadline an additional 13 days, Luna attorneys said at the hearing.

Luna entered bankruptcy protection in July after a court ordered it to pay Hansen $36.3 million for breach of contract and misappropriation of trade secrets. It resolves to pay back its creditors in full.

The two companies agreed Friday that Luna will pay $5 million over the next four years and give Hansen 9.9 percent of outstanding common stock. Luna also will work to incorporate its technology into California-based Hansen's medical robotics.

Luna's shares have soared 53 percent, up 78 cents, since the settlement announcement Friday afternoon. On Tuesday, Luna's shares sank 13 cents, to $2.25, from their opening price.