Appeals Court OKs $2.7M Royalty Verdict Against Biomet Units

Law360, New York (July 30, 2013, 8:05 PM ET) -- The New Jersey Appellate Division on Tuesday backed a nearly $2.7 million jury verdict for a spine surgeon who accused Biomet Inc. subsidiaries of breaching an agreement that provided annual, $250,000 royalty payments for his work developing products.

Dr. Neil Kahanovitz disagreed with Electro-Biology Inc. and EBI LLC that a 2004 consulting agreement halted those payments after Nov. 30, 2008, instead claiming that the deal envisioned ongoing payments as long as he remained a practicing orthopedic surgeon. Entering the deal, Kahanovitz was wary that he had...
To view the full article, register now.

Dewey Verdict Watch

Follow our exclusive coverage of the trial of the year:

Click here for the latest