Orthopedic Cos. Pay $311M To End Kickback Probe

Law360, New York (September 27, 2007, 12:00 AM EDT) -- Four leading orthopedic implant companies have agreed to pay a total of $311 million following a U.S. government investigation into kickbacks in the hip and knee replacement industry, the U.S. Attorney for the District of New Jersey said Thursday.

Zimmer Holdings Inc., Depuy Orthopaedics Inc., Biomet Inc. and Smith & Nephew Inc. have agreed to pay civil settlements and enter into deferred prosecution agreements with the U.S. government in order to avoid prosecution. A fifth company, Stryker Orthopedics Inc., cooperated with the U.S. Department of Justice...
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