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Home » BSX loses $309M judgment in patent war with the family of Dr. Michel Mirowski | Medtech legal news for the week of September 29, 2014

BSX loses $309M judgment in patent war with the family of Dr. Michel Mirowski | Medtech legal news for the week of September 29, 2014

September 29, 2014 By MassDevice

Boston Scientific loses $309 million judgment in Mirowski patent war

September 24, 2014 by Brad Perriello

Boston Scientific loses $309 million judgment in Mirowski patent war

Boston Scientific lost a $309 million judgment today in its long-running patent war with the family of the late physician who helped invent the implantable cardioverter defibrillator, Dr. Michel Mirowski.

A jury in Maryland’s Montgomery County Circuit Court awarded the damages to Mirowski Family Ventures (Mirowski died in 1990), which originally sued Boston Scientific and its Guidant subsidiary over a secret deal with rival St. Jude Medical that allegedly cut Mirowski out of some $570 million in royalties and damages. Read more

Ex-Advanced Medical Optics CEO Mazzo indicted in insider trading case

September 25, 2014 by Brad Perriello

Ex-Advanced Medical Optics CEO Mazzo indicted in insider trading case

A federal grand jury today indicted former Advanced Medical Optics CEO James Mazzo on insider trading charges stemming from Abbott’s $2.8 billion acquisition of AMO in 2009.

Mazzo, who denied the charges today via his lawyer, allegedly tipped off close friend and neighbor Doug DeCinces about the deal. DeCinces, a former baseball player for the Baltimore Orioles, allegedly passed the information on to former teammate Eddie Murray, who agreed to settle his case for $358,000 but admitted no wrongdoing. Today’s indictment levels 13 counts of insider trading violations against Mazzo, who is now chairman & CEO of AcuFocus and an operating partner at Versant Ventures. Read more

Appeals court denies BD bid to revisit loss to Retractable Technologies

September 22, 2014 by Brad Perriello

Appeals court denies BD bid to revisit loss to Retractable Technologies

A federal appeals court last week denied a bid by Becton Dickinson & Co. to have it review a damages decision in Retractable Technologies’ $7.7 million patent infringement win over BD.

Earlier this summer the U.S. Court of Appeals for the Federal Circuit denied BD’s motion to have the damages award reconsidered. A lower court had found that BD infringed patents with both its 1ml and 3ml syringes; the appeals court later ruled that only the smaller size was in violation but left the $7.7 million damages award intact. Read more

Ackman threatens to sue Allergan again over potential Salix deal

September 24, 2014 by MassDevice

Ackman threatens to sue Allergan again over potential Salix deal

Billionaire William Ackman’s Pershing Square Capital Management said on Tuesday that it would sue botox-maker Allergan Inc if the company went ahead with a deal to buy drugmaker Salix Pharmaceuticals Ltd.

Allergan is trying to seal a deal with Salix in order to stay independent and fend off a $53 billion hostile offer from Valeant Pharmaceuticals Inc . Valeant’s offer is backed by Pershing Square – Allergan’s largest shareholder with a 9.72 percent stake. Read more

Judge upholds $30M infringement ruling against NuVasive, cancels trademark

September 25, 2014 by Brad Perriello

Judge upholds $30M infringement ruling against NuVasive, cancels trademark

A California federal judge yesterday upheld NuVasive’s $30 million trademark infringement loss to NeuroVision Medical Products and formally canceled NuVasive’s rights to the ‘neurovision’ name.

NeuroVision 1st sued NuVasive in 2009, alleging infringement of its namesake trademark. Under Judge Manuel Real of the U.S. District Court for Central California, a jury in October 2010 found that NuVasive infringed the NeuroVision trademark with some of its neuromonitoring products. Read more

Filed Under: Legal News, News Well Tagged With: Abbott, AcuFocus Inc., Advanced Medical Optics, Allergan, becton dickinson, Boston Scientific, Legal Roundup, Mirowski Family Ventures, NeuroVision Medical Products Inc., Nuvasive, Pershing Square Capital Management, Retractable Technologies Inc., stjudemedical, Valeant Pharmaceuticals, Versant Ventures

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