Synthes Owes $1.2M In Surgical Tool Deal, Suit Says

Law360, New York (January 14, 2013, 3:38 PM EST) -- Satelec SAS is seeking at least $1.2 million in damages from Johnson & Johnson unit Synthes USA Products LLC for allegedly ducking penalties for breaching an agreement to co-develop surgical instruments, according to a complaint filed Wednesday in New Jersey federal court.

The suit accuses Synthes of avoiding penalties stemming from its decision not to market and sell the developed products, first by misleading Satelec into agreeing to revise the terms of the development agreement that limited Synthes' exposure for breaching it, then by refusing to...
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