Covidien Settles With Rochester Medical For $3.5M

Law360, New York (January 15, 2009, 12:00 AM EST) -- Medical device maker Rochester Medical Corp. says it has reached a $3.5 million settlement of its antitrust claims with Covidien Ltd., the last remaining defendant in long-running antitrust litigation that claimed a group of companies had created a monopoly in the catheter market.

Under the settlement, Tyco Healthcare Group LP, which spun off from its parent company, Tyco, and became Covidien during the course of the long-running litigation, is dismissed with prejudice.

Covidien has agreed to pay Rochester Medical $3.5 million. Out of that sum, Rochester...
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