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Sulzer Medica

This article was originally published in The Gray Sheet

Executive Summary

Former parent firm Sulzer Ltd. initiates arbitration proceedings against the orthopedics firm seeking to "confirm legal validity and executability of Sulzer Medica's obligation to indemnify Sulzer Ltd." against device-related expenses and damage claims, Sulzer Ltd. says Dec. 20. "Over the past few weeks Sulzer Medica has...repeatedly denied any obligation to indemnify," Sulzer Ltd. claims. Sulzer Medica is seeking to settle claims related to its Inter-Op hip recall and Natural Knee II implant withdrawals via a proposed $783 mil. settlement (1"The Gray Sheet" Dec. 3, 2001, p. 20)...

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