A federal probe into possible violations of the Foreign Corrupt Practices Act by Zimmer (NYSE:ZMH) is over, with both the SEC and the U.S. Justice Dept. telling the medical device company that they’re closing the investigation.
Legal News
J&J mesh lawsuit penalty grows to $11.1M | MassDevice.com On Call
MASSDEVICE ON CALL — A jury hiked up penalties against Johnson & Johnson (NYSE:JNJ) and its subsidiary Ethicon to more than $11 million after finding the companies liable in a patient injury lawsuit against the companies’ transvaginal mesh implants.
ConforMIS sues Acacia Research over disingenuous access to confidential docs
Medical device maker ConforMIS filed a counter-suit against a patent holder and a patent management firm, claiming the pair used disingenuous means to acquire information in support of an infringement case against the company.
St. Jude reports progress in lawsuits against Volcano
Legal: Boston Scientific notches a win in Cordis stent patent spat
A federal appeals court upheld a $41 million verdict for Boston Scientific over erstwhile arch-rival Cordis Corp., the Johnson & Johnson subsidiary that ceded the coronary stent market in 2011.
J&J loses jury trial in vaginal mesh lawsuit amid federal probe
A jury this week sided with a plaintiff in a bellwether product liability lawsuit against Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon’s transvaginal mesh implants.
Regulators probe J&J’s marketing of recalled hip implants
Federal investigators recently launched an additional inquiry into Johnson & Johnson (NYSE:JNJ) and its DePuy Orthopaedics subsidiary, taking a closer look at marketing practices surrounding a line of recalled metal-on-metal hips.
Syneron settles patent lawsuit against EndyMed
Syneron Medical (NSDQ:ELOS) dropped a patent infringement lawsuit against EndyMed Medical and its distributor, Eclipse Aesthetics, after EndyMed agreed to stop selling its fractional skin resurfacing products in the U.S.
EndyMed will continue to re-supply electrodes and other maintenance items for the products it has already sold, according to a press release.
Health services provider says Ernst & Young stole trade secrets | MassDevice.com On Call
MASSDEVICE ON CALL — Pharmaceutical management services giant Express Scripts Holding Co. sued accounting firm Ernst & Young, claiming that an E&Y employee sneaked into Express Scripts offices to steal trade secrets.
Express Scripts fingered Don Gravlin, a partner at E&Y, for the alleged misconduct, saying Gravlin and the company "were possessed with an evil motive" in stealing more than 20,000 pages of pricing information, projections and other confidential data, according to the legal complaint.
Legal: OrbusNeich takes Boston Scientific patent row to Germany, the Netherlands
OrbusNeich is taking a recent patent infringement win against Boston Scientific (NYSE:BSX) even further, filing lawsuits in both Germany and the Netherlands to allege patent infringement over stent technology.