Law360, New York (May 19, 2005, 12:00 AM ET) -- The four-year legal dispute involving medical device maker Medtronic Inc. and inventor Dr. Gary Michelson ended quietly this week, when Medtronic said it had completed the $800 million purchase of the spine-related intellectual property owned by the Los Angeles spinal surgeon and his company.
The company will also pay Michelson $550 million to settle outstanding litigation.
In April, Medtronic agreed to pay about $1.35 billion to Michelson to end their patent dispute over spinal fusion technologies.
The agreement gives Medtronic ownership of Michelson's patents related to...
With Huge Payout To Surgeon, Medtronic Ends Costly Patent Dispute
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