Abbott (NYSE:ABT) this week accused a former marketing executive of purloining the marketing playbook for its neuromodulation business on his way out the door to a marketing job at competitor Nevro Corp. (NYSE:NVRO). In a lawsuit filed in the U.S. District Court for Northern Illinois, Abbott alleged that former neuromodulation global marketing product manager Blayne […]
Appeals court overturns Stryker win in retaliatory filing case
A federal appeals court yesterday overturned a lower court’s decision to toss a retaliatory filing case against Stryker (NYSE:SYK) after finding conflicts within the company’s testimony. Plaintiff Kelley Donley sued the orthopedics giant in June 2015 after Stryker fired her, allegedly for taking compromising pictures of an important vendor – but also shortly after she […]
Delaware court fast-tracks Channel Medsystems suit against Boston Scientific
A Delaware state court yesterday expedited a lawsuit brought by Channel Medsystems against Boston Scientific (NYSE:BSX) over a failed $275 million buyout. The lawsuit alleges that Boston Scientific spiked the deal over a former Channel employee’s alleged scheme to embezzle nearly $3 million from the women’s health company. Emeryville, Calif.-based Channel Medsystems developed Cerene, a cryogen-based endometrial ablation system […]
BD’s Bard reported to win third IVC bellwether
A federal jury in Arizona reportedly found for Becton Dickinson & Co. (NYSE:BDX) subsidiary C.R. Bard today in a bellwether product liability case brought over its inferior vena cava filters. Although it’s the fourth bellwether case in the multi-district litigation over the IVC devices, which are designed to prevent blood clots from passing through the body’s […]
Report: Murder victim’s Fitbit helps police charge suspect
Heart rate tracking data on a Fitbit fitness tracker has helped police investigators identify and charge a murder suspect, according to a New York Times report. Though the devices are intended mainly to monitor health and motivate users to be more active, heart rate data, sleeping patterns and physical exertion measurements can be used to […]
Report: MiMedx held lower-cost grafts from federal hospitals
MiMedx (NSDQ:MDXG), already embroiled in an internal accounting snafu and several federal probes, reportedly held from government hospitals some of the lower-cost products it made available to private hospitals. In limiting its regenerative wound care offering to U.S. Veteran Affairs Dept. and other federal caregivers, Marietta, Ga.-based MiMedx ran up the tab on taxpayers, the Wall […]
Judge pares claims in Bard IVC bellwether
A federal judge in Arizona yesterday pared some claims in the third bellwether case involving inferior vena cava filters made by Becton Dickinson (NYSE:BDX) subsidiary C.R. Bard, as the trial entered its 11th day. It’s the fourth bellwether in the multi-district litigation over the IVC devices, which are designed to prevent blood clots from passing through […]
Appeals court overturns patent board in Bard spat with AngioDynamics
A federal court this week reversed a number of Patent Trial and Appeal Board rulings which invalidated patents held by Becton Dickinson & Co. (NYSE:BDX) subsidiary C.R. Bard in an ongoing patent spat with AngioDynamics (NSDQ:ANGO) . The case involves three C.R. Bard medical device patents, which in previous proceedings had had 34 of 41 claims invalidated as anticipated […]
Fresenius cleared to jilt Akorn, court rules
The Delaware Chancery Court ruled this week that it can’t force Fresenius (ETR:FRE) to follow through with its $4.75 billion merger with Akorn (NSDQ:AKRX). The deal was designed to help Fresenius move into new dosage forms and therapeutic areas, including ophthalmic drugs, ear drops, nasal sprays and respiratory drugs. But Fresenius walked away from the deal in April, citing an investigation […]
Private equity shops escape Zimmer Biomet class action
A federal judge in Indiana last week dismissed a clutch of private equity shops from a securities class action brought against ZBH, alleging that the company and its management concealed problems at a plant in its Warsaw, Ind., home base. The lawsuit, filed in December 2016 in the U.S. District Court for Northern Indiana, concerns […]
Stryker pays $8m to settle second SEC beef
Stryker (NYSE:SYK) agreed to pay nearly $8 million, but admitted no wrongdoing, to settle a second round of charges leveled by the U.S. Securities & Exchange Commission today. The federal securities watchdog said the orthopedics giant broke the Foreign Corrupt Practices Act by failing to institute the required fail-safes in its book-keeping procedures for its […]
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