Biomet Distributor, Exec Hit With Competition Suit

Law360, New York (July 31, 2007, 12:00 AM EDT) -- Health care provider Biomet Inc. has filed a lawsuit against a former executive and its one-time distributor, Zimmer US Inc., alleging a scheme to steal trade secrets and squeeze its rivals out of the lucrative orthopedic device market.

On Monday the medical device maker said it had filed a 13-count lawsuit in an Indiana state court against the distributor and former company executive David Montgomery, who resigned in January to take a post at Zimmer.

Biomet accused Zimmer and Montgomery of engaging in a “campaign” to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.