Matrixx, Capricorn Resolve Zicam Contract Spat

Law360, New York (December 4, 2009, 2:05 PM EST) -- Matrixx Initiatives Inc. and Capricorn Pharma Inc. have reached a confidential settlement agreement to resolve Matrixx's suit accusing its former licensing partner of breaching a manufacturing contract for Matrixx's cold medication Zicam.

Judge Susan R. Bolton of the U.S. District Court for the District of Arizona on Thursday approved the parties' request to dismiss their claims and counterclaims with prejudice after Matrixx informed the court Oct. 29 that the companies had “reached an agreement settling this matter.”

The order only stipulated that each side would bear...
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