Medtronic Accepts $179M Judgment In Screw Case

Law360, New York (June 29, 2009, 12:00 AM EDT) -- Medtronic Inc. has agreed to pay Johnson & Johnson unit DePuy Spine Inc. $179 million to satisfy a judgment in a patent infringement suit over spinal screws, adding nearly $30 million in interest and new damages to an appeals court's award earlier this month.

In a stipulation filed Friday in the U.S. District Court for the District of Massachusetts, the two companies agreed that Medtronic would pay $157.8 million in lost profit damages, $13 million in prejudgment interest and $8.5 million in post-judgment interest. Judge Edward...
To view the full article, register now.