Category: Stryker Corp.
Here's a look at some of the top legal news stories for medical device companies this week: ArthroCare ex-CEO faces 30-year sentence for fraud; Shareholders sue Edap following FDA slip; Ex-sales rep wins class action status in lawsuit against Stryker; Another Covidien shareholder sues over Medtronic deal; Respiratory rivals ResMed, BMC each tally wins in Trade Commission ruling
A lawsuit filed by a former Stryker Corp. sales rep over alleged reimbursement failures wins class action status for all reps employed between February 2009 and October 2012.
Here's a look at some of the top legal news stories for medical device companies this week: Another Covidien shareholder sues to block Medtronic merger; Ex-Integra sales rep, manager cop to $800k hospital fraud scheme; Diabetes: Medtronic, Johnson & Johnson settle patent spat; Stryker settles hip implant suit against J&J's DePuy; Appeals court reverses Medtronic's win in Lenox bone mill spat
Wright Medical Group Inc.
, Zimmer Holdings
, DePuy Synthes
, Integra LifeSciences Corp.
, Johnson & Johnson
, Lenox MacLaren Surgical Corp.
, Smith & Nephew
, Stryker Corp.
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.
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.
Stryker Corp. settles a patent infringement lawsuit filed against Johnson & Johnson's DePuy Orthopaedics division; co-defendants Wright Medical, Zimmer Holdings and Smith & Nephew move to have their cases tossed as well.
One analyst still sees potential for a Stryker merger with Smith & Nephew, even though S&N CEO Olivier Bohuon says he's not up for it.
A federal appeals court upholds the dismissal of a whistleblower lawsuit filed against Stryker, Orthofix and 2 other makers of pain pumps.