Number To Know … 6,000,000
Mirowski Family Ventures will pay $6m to Medtronic to settle attorney’s fees after a patent trial.
$6m is the amount of money Mirowski Family Ventures (MFV) have been ordered to pay Medtronic to settle attorney's fees for a trial involving implantable cardioverter defibrillator (ICD) patents. The patents, owned by MFV and licensed to Boston Scientific, have provoked multiple lawsuits over the last few decades. In 2014, the Federal Circuit Court of Appeals ruled that one such patent was invalid and Medtronic would not need to pay any proposed infringement penalty. The court ruling also made the defendants responsible for Medtronic’s $6m attorney fees.
For more information on this development, see Medtech Insight's article here.