A federal judge in Minnesota this week lambasted Boston Scientific (NYSE:BSX) “shenanigans” in slow-rolling the discovery process in a whistleblower lawsuit lodged over two of its cardiac rhythm management devices, imposing sanctions for the conduct. The lawsuit accused Boston Scientific of defrauding the FDA by not reporting alleged defects in its Cognis cardiac resynchronization therapy defibrillator […]
Johnson & Johnson agrees to $117m pelvic mesh settlement with 41 states, DC
Johnson & Johnson (NYSE:JNJ) yesterday agreed to pay $117 million to settle charges of deceptive marketing of its pelvic mesh products with 41 states and the District of Columbia. The states and DC alleged that J&J and subsidiary Ethicon broke state consumer protection laws by misrepresenting the safety and effectiveness of its mesh devices, which […]
Schein escapes FTC buying group probe
Henry Schein (NSDQ:HSIC) said yesterday that the U.S. Federal Trade Commission dismissed claims that it conspired with competitors to avoid giving discounts to buying groups representing dental practitioners. In February 2018, the FTC filed a complaint against Schein, Patterson (NSDQ:PDCO) and Benco alleging violations of U.S. antitrust law by conspiring to refuse to provide such discounts or to […]
Fresenius settles Medicare over-billing case for $5m
Fresenius Medical Care (NYSE:FMS; ETR:FRE) agreed to pay more than $5 million to resolve allegations that its dialysis clinic business over-billed Medicare for hepatitis B tests. The country’s largest dialysis clinic operator, Fresenius Medical Care North America agreed to pay $5.2 million to settle federal prosecutors’ allegations that it billed Medicare for tests of dialysis patients […]
Ex-Biomet worker in Brazilian bribery case loses appeal in defamation suit
A former Zimmer Biomet (NYSE:ZBH) employee can’t pursue defamation charges against the company related to his alleged involvement in a Brazilian bribery case, a federal appeals court ruled yesterday. In 2008 Biomet discovered that a distributor in Brazil, Sergio Galindo, had bribed healthcare providers to use its products. The company severed its relationship with Galindo and […]
Appeals court gives NeuroGrafix another shot at Brainlab in patent dispute
A federal appeals court has reinstated a long-running MRI patent lawsuit that NeuroGrafix brought against Brainlab. Santa Monica, Calif.-based NeuroGrafix claims that Brainlab (Munich, Germany) infringed on an MRI imaging patent. Two lower courts had dismissed the suit, but a three-judge U.S. Court of Appeals panel ruled yesterday that the latest ruling was “procedurally improper” […]
Delaware Supremes uphold IDEV founders’ loss in suit against VC backers
The Delaware Supreme Court last week upheld the dismissal of a lawsuit brought by the founder and an executive of Abbott (NYSE:ABT) acquisition IDEV Technologies against venture capital shops they accused of violating their fiduciary duties by diluting their economic and voting interests. The plaintiffs in the case were Jeffrey Sheldon, who co-founded IDEV in […]
Medtronic appeals $24m patent loss to Supremes
Medtronic (NYSE:MDT) has asked the U.S. Supreme Court to overturn its nearly $24 million loss in a patent infringement lawsuit brought by a physician inventor. In February 2014, Dr. Mark Barry alleged that Fridley, Minn.-based Medtronic infringed on three patents covering a “system and method for aligning vertebrae in the amelioration of aberrant spinal column […]
Supremes deny Zimmer Biomet in $250m loss to Stryker
The U.S. Supreme Court today declined to take up the Zimmer Biomet (NYSE:ZBH) appeal of a $248 million loss to Stryker (NYSE:SYK) in a patent infringement case. The case dates back to December 2010, when Stryker sued orthopedics rival Zimmer, alleging infringement of 3 patents covering wound debridement technology by Zimmer’s Pulsavac Plus device. Last December the U.S. Court […]
Analogic escapes class action lodged over $$1B sale to Altaris
Analogic this week escaped a class action lawsuit brought over its $1.1 billion go-private sale to Altaris Capital when a Massachusetts federal judge dismissed the case with prejudice. The $84-per-share deal for Peabody, Mass.-based Analogic, which closed in June 2018, followed an internal review in which the company contacted approximately 75 potential financial and strategic […]
Federal judge rules AngioDynamics may sue Canadian company
A federal judge has ruled that AngioDynamics (NSDQ:ANGO) may pursue a racketeering lawsuit against Canada-based Clarion Medical Technologies. The Clarion case stems from a decade-long dispute pitting Latham, N.Y.-based AngioDynamics against Austrian medical laser company Biolitec AG. AngioDynamics claims that Clarion laundered Biolitec group products to conceal revenues and prevent Biolitec from paying a $75 […]
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