Shareholders of Abiomed (NSDQ:ABMD) filed a lawsuit seeking class action status, accusing the medical device company of inflating its share price with falsely rosy predictions for its flagship Impella 2.5 heart pump.
Legal News
Texas DePuy hip implant lawsuit docket tops 750 complaints
A Lone Star State multi-district lawsuit against Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Orthopaedics has grown to include 757 complaints as federal courts around the country transfer cases to the Northern District of Texas.
Hill-Rom, Stryker settle patent beef
Court transfers another Medtronic/NuVasive patent case to California
Angiotech settles severance beef with former president & CEO for $6.5M
Angiotech Pharmaceuticals reached an agreement in principal with former president & CEO William Hunter to settle a matter regarding Hunter’s termination payments, with Hunter receiving more than double the company’s initial cash offer.
Zimmer can’t shake Stryker poaching charges
Appeals court upholds $74M Edwards Lifesciences win over Medtronic
UPDATED Nov. 13, 2012, 5:30 p.m. with comment from Medtronic
UPDATED Nov. 13, 2012, 2:30 p.m. with comment from Edwards Lifesciences
Legal: Patient Safety Tech levels lawsuit against ClearCount
California surgical assistance solutions maker Patient Safety Technologies (OTC:PSTX) earlier this year leveled a lawsuit against rival device maker ClearCount Medical Solutions, the company noted in its latest earnings report.
Accuray settles patent infringement claim for $150k
St. Jude Medical sues AorTech, wins injunction
Zimmer tallies remaining legal costs for temporarily recalled Durom MoM hips at nearly $230M
Corrected November 9, 2012, at 3:45 p.m.
Orthopedic devices maker Zimmer Holdings (NYSE:ZMH) expects to pay another $229.7 million to handle legal complaints spurred by the temporary 2008 recall of its Durom metal-on-metal acetabular hip components, according to the company’s latest earnings release.