Orthofix awarded $150 mil. in damages from Biomet in jury decision on external fixation devices.
This article was originally published in The Gray Sheet
Executive Summary
BIOMET TO APPEAL JURY'S $150 MIL. AWARD TO ORTHOFIX, the Warsaw, Indiana-based company says. In a verdict announced June 2, a jury in the U.S. District Court in Camden, New Jersey, awarded approximately $50 mil. in compensatory damages and $100 mil. in punitive damages to three of Orthofix International's subsidiaries after finding that Biomet's EBI Medical Systems subsidiary breached a 1990 distribution agreement between the firms.