Orthopedic Makers Conspired To Fix Prices, Suit Claims

Law360, New York (July 17, 2006, 12:00 AM EDT) -- Minnesota-based South Central Surgical Center has accused five orthopedic device makers of price-fixing, just a few weeks after the U.S. Department of Justice launched a probe into the $7 billion-a-year orthopedics industry.

According to the lawsuit, filed Thursday in the U.S. District Court in Indianapolis, Biomet Inc., Zimmer Holdings Inc., Stryker Corp., Smith & Nephew PLC and Depuy Inc. held secret meetings and conversations to artificially raise their products’ prices.

The suit, which seeks class action status for anyone who purchased an orthopedic device from the...
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