Surgiview Owes $48M In OrthoTec Licensing Row, Jury Finds

Law360, Los Angeles (February 11, 2014, 4:51 PM EST) -- A California state jury on Monday found that Surgiview SAS owes more than $47.9 million for interfering with medical device company OrthoTec LLC's contractual rights to copyrights it had licensed from bankrupt Eurosurgical SA by buying the assets for less than fair market value.

The jury verdict for $47.9 million plus interest against Surgiview, a French subsidiary of Alphatec Holdings Inc., rejected the company's expert testimony that the transfer was legal under French law. The suit, filed by OrthoTec, accuses Eurosurgical of fraudulently transferring the assets...
To view the full article, register now.