CORRECTED: Judge Pads Stryker's $4.5M Interest Award In Knee Suit

Law360, New York (May 3, 2013, 3:23 PM EDT) -- A federal judge on Friday padded Stryker Corp.’s $4.5 million prejudgment interest award by $75,000 in the company’s suit against XL Insurance America Inc. seeking coverage for litigation over its allegedly defective artificial knee.

In March, U.S. District Judge Robert Holmes Bell awarded Stryker $4.5 million in prejudgment penalty interest under section 500 of Michigan insurance law to cover the period from December 2001 to Feb. 2, 2009. Stryker had sued XL in 2001 to win coverage for lawsuits claiming expired artificial knee joints had been...
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