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Stryker owes $2M after exhausting insurance limit in knee implant lawsuits

August 14, 2014 by Arezu Sarvestani

A court orders Stryker to pay a $2 million to XL Insurance America, ruling that the insurer is entitled to the payment after maxing Stryker's $15 million policy limit in lawsuits over knee implants.

Stryker owes $2M after exhausting insurance limit in knee implant lawsuits

Orthopedics giant Stryker (NYSE:SYK) is on the hook for a $2 million payment to its insurance company after a court ruled this week that the insurer is entitled to recoup the deductible.

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Legal issues plague GI Dynamics mid-IPO, Medtronic jumps 6% on earnings report, Stryker knee implant claim goes to court | MassDevice.com +3

August 24, 2011 by MassDevice staff

The top three medical device stories for August 24, 2011.

Plus 3

Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This latest feature of MassDevice.com's coverage highlights our three biggest and most influential stories from the day's news to make sure you're up to date on the headlines that continue to shape the medical device industry.

If you read nothing else today, make sure you're still in the know with Massdevice +3.

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Stryker Scorpio knee implant injury claim goes to trial

August 24, 2011 by MassDevice staff

A case dismissal is overturned as Stryker fends off a lawsuit holding its subsidiary Howmedica liable for design, manufacturing and marketing defects in its Scorpio TS knee replacement implant.

Stryker

A Fifth Circuit court overturned a lower court's decision to dismiss a case against a knee implant sold through Stryker Corp. (NYSE:SYK) subsidiary Howmedica Osteonics, and the case will move to trial.

Patient Lynn Brandau argued that Howmedica should be held liable for defects in design, manufacturing and marketing of its Scorpio TS knee replacement device, which she had implanted and then removed from her right knee.

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Stryker, Wright Medical move to kill 10-year-old patent spat

May 28, 2010 by MassDevice staff

Stryker Corp. and Wright Medical Technology Inc. ask a New Jersey judge to dismiss a 10-year-old lawsuit over a knee implant patent filed by Stryker subsidiary Howmedica Osteonics.

SYK, WMGI logos

Stryker Corp. (NYSE:SYK) and Wright Medical Technology Inc. (NSDQ:WMGI) asked a federal judge in New Jersey to dismiss a decade-old patent infringement lawsuit over knee prosthetics.

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Stryker's Howmedica wins liability lawsuit over knee implant

May 13, 2010 by MassDevice staff

A federal judge in New York dismisses a product liability lawsuit against Stryker Corp.'s Howmedica subsidiary alleging that it made a defective knee implant that later had to be explanted.

SYK logo

A federal judge in New York dismissed a lawsuit accusing Stryker Corp. (NYSE:SYK) subsidiary Howmedica Osteonics of manufacturing a defective knee implant.

Beverly Maxwell had a total knee replacement in June 2004, using Howmedica's Duracon Total Knee System. Maxwell developed an allergic reaction to the nickel contained in the Duracon device, which was replaced in August 2005 using a low-nickel Smith & Nephew (NYSE:SNN) Genesis II implant.

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Texas judge rules preemption in hip implant suit against Stryker

April 21, 2010 by MassDevice staff

A federal judge in Texas tossed a lawsuit filed against Stryker Corp. and its Howmedica Osteonics subsidiary over an allegedly faulty hip implant, ruling that federal law preempts the suit at the state level.

SYK logo

A federal judge in Texas tossed a lawsuit against Stryker Corp. (NYSE:SYK) and its Howmedica Osteonics subsidiary over an allegedly defective hip implant, ruling that federal law preempts the suit.

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