Nelson N. Stone, MD, v. Bard
This article was originally published in The Gray Sheet
Executive Summary
Bard will pay a $42 mil. settlement to the original owners of ProSeed radioactive seeds, which Bard acquired in 1998. The owners had filed suit against Bard alleging the firm failed to appropriately promote the business; a jury found for the plaintiff in December, a decision that Bard was appealing (1"The Gray Sheet" Jan. 5, 2004, In Brief). The company will settle for $23 mil. and pay an additional $19 mil. to terminate ongoing commercial contracts...