Nuvectra (NSDQ:NVTR) announced that it filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Plano, Texas–based neurostimulation company filed the petition earlier this week in the U.S. Bankruptcy Court for the Eastern District of Texas. Nuvectra said it plans to use the court-supervised bankruptcy process to review its options […]
Integer wins $22m in damages from AVX pacer patent spat retrial
Integer Holdings (NYSE:ITGR), formerly known as Greatbatch, has been awarded approximately $22.2 million in damages in the retrial of a pacer tech patent spat with AVX, down from a previous award of $37.5 million, according to recently released court documents. Integer originally filed a patent infringement complaint in April 2013, alleging that AVX infringed on patents […]
Appeals court upholds Greabatch win over AVX
The US Court of Appeals for the Federal Circuit this week affirmed a Patent Trial and Appeal Board ruling granting $37.5 million in damages to Greatbatch, now known as Integer Holdings (NYSE:INTGR), in a patent infringement case against AVX. A 3-judge panel affirmed the decision in a 1-sentence per curium order, according to court documents. Greatbatch won […]
FDA issues Class I recall for select Greatbatch offset cup impactors
The FDA today issued a Class I recall for a select amount of Greatbatch Medical (NYSE:GB) standard offset cup impactors designed for use in hip joint replacements over issues with inadequate sterilization. A Class 1 indication from the federal watchdog indicates “a reasonable probability that use of these products will cause serious adverse health consequences or […]
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