DOJ Subpoenas Orthopedic Companies

Law360, New York (June 26, 2006, 12:00 AM EDT) -- The U.S. Department of Justice has issued subpoenas to four orthopedic device makers over possible antitrust violations, a development that sent stock prices tumbling across the orthopedic industry as investors mulled the prospect of upheaval in the multi-billion dollar market.

Biomet Inc., Zimmer Holdings Inc. and Johnson & Johnson unit Depuy Inc.—all headquartered in Warsaw, Indiana—have been hit with DOJ subpoenas referencing antitrust concerns, as has Michigan-based Stryker Corp.

Biomet announced Monday that it had received a subpoena from the DOJ relating to possible violations of...
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