Biotronik Says CoStar Stent 'Recall' Violated Pact

Law360, New York (July 12, 2011, 6:19 PM EDT) -- Biotronik AG told a New York state judge Tuesday that Conor Medsystems Inc. reneged on a supply contract when it stopped providing CoStar stents to the German biopharmaceutical company and then painted the breach as a recall.

Conor — a Johnson & Johnson unit — pulled its CoStar stents off the market in 2007, a move that allegedly cost Biotronik over $100 million, according to court documents.

"They said they'd supply the stents, and they didn't," Biotronik attorney Ronald S. Rauchberg of Proskauer Rose LLP told...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.