A federal judge in Pennsylvania has granted preliminary approval to an economic loss settlement involving lawsuits filed against Philips over its massive recall of CPAPs and other respiratory devices. U.S. District Court Judge Joy Flowers Conti’s order, filed yesterday, could just be the beginning of settling what has arguably been one of the medical device […]
Legal News
Medtronic says defective McGrath Mac video laryngoscopes were stolen and offered for sale illegally
Medtronic issued a notification to warn of stolen, defective McGrath Mac video laryngoscopes offered for sale by unauthorized third parties. The company informed the public of the illegal offering of the devices by third parties through various social media platforms. Affected products failed to pass Medtronic’s rigorous tests established for the product. The company did […]
Report: Edwards is cooperating with EU amid antitrust scrutiny
According to reports, Edwards Lifesciences is the company under scrutiny in Europe for potential antitrust activity. Reuters reports that the company is working with EU antitrust regulators on the matter. The European Commission said last week that it conducted a surprise inspection at an undisclosed medtech company. It listed that company as active in the cardiovascular […]
The Philips CPAP recall settlement could be just be the start
Philips is set to pay at least $479 million to settle claims related to its ongoing Respironics recall. It could just be the beginning of settling what has arguably been one of the medical device industry’s most serious recalls in recent decades. (Here is a full timeline of the Philips recall.) Subject to approval in […]
Philips reaches settlement in class-action lawsuit over sleep apnea machine recall
Philips announced today that it reached a class-action settlement on economic loss claims related to its ongoing Respironics recall. The agreement resolves all economic loss claims in the U.S. multidistrict litigation (MDL) related to the voluntary recall. Philips expects to submit the settlement to the U.S. District Court for the Western District of Pennsylvania later […]
Lawsuit alleges ‘potentially problematic’ patient data sharing from Medtronic Diabetes devices
A class-action lawsuit filed against Medtronic alleges that the company’s insulin delivery devices shared patient data with third parties. The lawsuit — filed by the plaintiff “A.H.” in U.S. District Court in Central California — levels allegations against Medtronic and its MiniMed and InPen devices. It addresses MiniMed’s transmission and disclosure of personally identifiable information […]
3M announces $6 billion earplugs settlement
3M today announced that it will pay $6 billion in cash and stock for the rest of the decade to resolve hundreds of thousands of veterans lawsuits over faulty earplugs. Bloomberg News and The Wall Street Journal previously reported that 3M was close to reaching a settlement. The agreement with negotiating plaintiffs’ attorneys has the […]
3M is reportedly close to reaching an earplugs lawsuit settlement
3M is nearing a settlement with attorneys representing hundreds of thousands of veterans who say the company’s earplugs failed to protect them from hearing loss, according to media reports citing people close to the discussions. Bloomberg News and The Wall Street Journal say the manufacturing giant would pay $5.5 billion under the tentative deal. Experts […]
SmileDirectClub to appeal order to pay Align Technology $63M
SmileDirectClub (Nasdaq:SDC) intends to appeal an arbitration decision ordering it to pay $63 million to Align Technology (Nasdaq:ALGN). Align Technology announced this week that the Superior Court, State of California, County of Santa Clara, issued an order granting a petition from Align. It confirmed and denied SmileDirectClub’s petition to vacate the $63 million arbitration award […]
Illumina says SEC is investigating Grail acquisition
Add a U.S. Securities and Exchange Commission investigation to the list of problems that Illumina has faced since it acquired Grail for $8 billion in 2021. Illumina disclosed the investigation in its 10-Q filed with the SEC on Aug. 10: “In July 2023, we were informed that the staff of the SEC was conducting an […]
Court rejects Johnson & Johnson bankruptcy gambit over talc suits
A U.S. bankruptcy judge in New Jersey has dismissed a Johnson & Johnson-created company’s bankruptcy filing to resolve talc-related lawsuits. Judge Michael Kaplan’s ruling on July 28 was similar to a U.S. Court of Appeals for the Third Circuit ruling months ago, which failed to find immediate financial distress over the lawsuits. As recounted in […]