Federal investigators are pushing forward with claims against Reliance Medical Systems, saying that they have evidence that the company’s owners devised a kickback scheme to induce doctors to use Reliance spinal implants, even sometimes when patients didn’t need the procedure.
U.S. Justice Dept. (DOJ)
Ex-ArthroCare execs face hefty prison sentences | Medtech legal news for the week of September 8, 2014
Ex-ArthroCare CEO Baker draws 20 years
Abiomed inks extension in Impella probe
DOJ declares $520k victory as Vascular Solutions refutes allegations
Vascular Solutions (NSDQ:VASC) issued a special statement this week after the U.S. Justice announced that it had won a $520,000 settlement after accusing the company of selling a medical device without proper FDA approval.
Guidant loses bid to drop breach-of-contract in JNJ lawsuit | Medtech legal news for the week of July 14, 2014
Biomet reveals SEC subpoena over alleged ‘improprieties’ in Brazil, Mexico
Stryker suit alleges that DePuy helped sales reps defect from company | Medtech legal news for the week of June 9, 2014
Ex-ArthroCare execs convicted in $400M fraud case
A federal jury yesterday convicted 2 former ArthroCare (NSDQ:ARTC) executives, finding that the pair "masterminded and executed a scheme" to defraud investors of some $400 million, prosecutors said.
Medtronic won’t face “death penalty” sanctions imposed by Texas state court | Medtech legal news for the week of June 2, 2014
Ex-ArthroCare CEO, CFO must face $400M fraud charges
The former CEO and CFO for ArthroCare (NSDQ:ARTC) must face criminal fraud charges in Texas in an alleged $400 million scheme to dupe investors, after a federal judge this week shot down their bids for acquittal.