Spire Settles With Catheter Co. Over Recall, Deal Bungle

Law360, New York (January 3, 2012, 4:20 PM EST) -- Medical device maker Spire Biomedical Inc. settled its breach of contract suit on Tuesday against Catheter and Disposables Technology Inc. claiming the supplier's manufacturing errors forced a massive catheter recall and bungled a corporate deal.

U.S. District Judge Nathaniel M. Gorton approved a joint stipulation and order of dismissal submitted in Massachusetts federal court Friday by Spire, CDT and former CDT parent company Tactx Medical Inc.

Spire brought the suit in January 2011. It alleged CDT, which manufactured Spire-branded catheters, unilaterally changed some specifications, forcing a...
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