Swiss Pharma Co. Shakes Suit Over $120M Supply Contract

Law360, Los Angeles (January 17, 2013, 6:06 PM EST) -- A New York federal judge on Wednesday ruled in favor of Ed. Geistlich Soehne AG in a dispute with Luitpold Pharmaceuticals Inc. over its $120 million licensing and distribution agreements for dental products, finding the Swiss chemical and pharmaceutical conglomerate had the right to terminate the contract for "any reason whatsoever."

Luitpold in 2011 sued Geistlich for breach of contract and related claims, accusing the company of wasting the money Luitpold spent developing a market for Geistlich's regenerative dental products in the U.S., Mexico, the Caribbean,...
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