Spectranetics To Pay $5M Over Unapproved Lasers

Law360, New York (January 4, 2010, 6:28 PM EST) -- Medical laser manufacturer Spectranetics Corp. has agreed to pay $5 million in fines and penalties in a settlement with U.S. authorities over claims that the company illegally imported and sold unapproved devices for use in patients.

The U.S. Department of Justice on Wednesday announced the settlement, in which the agency agreed not to prosecute the company in exchange for the $4.9 million civil penalty and $100,000 forfeiture.

"The Department of Justice will be vigilant in pursuing cases against medical device companies that break the law and...
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