Retractable Technologies (NYSE:RVP) said this week it inked a settlement deal with Becton Dickinson (NYSE:BDX) to resolve a long-running suit claiming BD engaged in false advertising, according to an SEC filing. Little Elm, Texas-based Retractable Tech said the newly settled case was filed in 2007, when Retractable Tech filed a suit against BD claiming violations of antitrust […]
Appeals court upholds BD win in Retractable Technologies case
A federal appeals court this week upheld a ruling that Becton Dickinson (NYSE:BDX) owes nothing more in a long-running false advertising claims case brought by Retractable Technologies (NYSE:RVP). The dispute dates back to 2001, when Little Elm, Texas-based RTI sued BD for patent infringement; that case settled for $100 million in 2004. RTI sued again barely three years […]
Texas federal court denies Retractable Tech’s appeal in false advertising case against BD
Retractable Technologies (NYSE:RVP) said late last week that the US District Court for the Eastern District of Texas denied its motion to appeal a judgement that found Becton Dickinson (NYSE:BDX) owed nothing in an ongoing false advertising claims case. Retractable Technologies sought to amend a judgement from August which ruled that nemesis BD owed nothing for making false […]
Retractable Tech to appeal verdict in BD false advertising case
Retractable Technologies (NYSE:RVP) said late last week it is looking to appeal a decision in a false advertising case against Becton Dickinson & Co. (NYSE:BDX) after a judge last month ruled in BD’s favor. The company said it also filed a motion to alter or amend the judgement which ordered that the company take nothing in its […]
Founder & CEO buy adds $570k to Retractable Technologies stake
Retractable Technologies‘ (NYSE:RVP) founder & CEO, Thomas Shaw, bought 1 million shares of common stock in the company at 57¢ apiece, according to a regulatory filing. The move comes just days after a federal appeals court ruled that Becton Dickinson & Co. (NYSE:BDX) owes nothing in a case brought by the Little Elm, Texas-based company. That news sent […]
Judge: BD owes nothing in Retractable Technologies false advertising case
Retractable Technologies (NYSE:RVP) shares are off more than -50% since a federal court last week ruled that nemesis Becton Dickinson & Co. (NYSE:BDX) owes nothing for making false advertising claims about its syringes. The dispute dates back to 2001, when Little Elm, Texas-based RTI sued BD for patent infringement that settled for $100 million in 2004. RTI sued again […]
Supreme Court declines review of Retractable Tech case against BD
Retractable Technologies (NYSE:RVP) said on Monday that the US Supreme Court denied its request to review an overturned $352 million anti-trust win over Becton Dickinson (NYSE:BDX). With the ruling, the case goes back to the Eastern District of Texas, where it was sent by the Fifth Circuit Court of Appeals, for a redetermination of the amount of damages to […]
Retractable Technologies seeks Supreme Court review of BD decision
Retractable Technologies (NYSE:RVP) said today it filed a petition for a write of certiorari with the US Supreme Court to review an overturned its $352 million anti-trust win over Becton Dickinson (NYSE:BDX). The decision from the federal appeals court in December sent Retractable Technology shares plummeting, down nearly 50% after the ruling was released. A 3-judge panel of […]
UPDATE: Retractable Technologies plummets after appeals court tosses $352m win over Becton Dickinson
Updated with comment from Retractable Technologies Shares in Retractable Technologies (NYSE:RVP) lost nearly half their value last week after a federal appeals court overturned its $352 million anti-trust win over Becton Dickinson (NYSE:BDX). A 3-judge panel of the U.S. Court of Appeals for the 5th Circuit ruled Dec. 2 that RTI’s claim that BD violated a section […]
Becton Dickinson dodges hospital’s anti-trust suit
Becton Dickinson & Co. (NYSE:BDX) dodged an anti-trust lawsuit brought by a Georgia hospital system after a federal judge ruled last week that the plaintiff lacked standing in the putative class action. Southeast Georgia Health System sued BD last July, alleging that the Franklin Lakes, N.J.-based company monopolized the markets for hypodermic syringes and IV catheters. […]
Retractable Technologies restates books, Q3 numbers
Retractable Technologies (NYSE:RVP) released new numbers from its 3rd quarter, as well as restating its cash on hand and other balance sheet info today. The new earnings info came after the company said it discovered an error in the amount of raw materials detailed in its subsidiary ledger. The error was in relation to an understatement […]
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