Medtronic Settles With Gyrus In Financial Draw

Law360, New York (September 6, 2006, 12:00 AM EDT) -- U.S. medical device maker Medtronic Inc. declared a draw Wednesday in its two-year-old patent infringement lawsuit against Gyrus Group PLC after its smaller British rival agreed to a payment-free settlement of claims and counterclaims.

The dispute over instruments used in sinus surgery was played out between two of the rivals’ subsidiaries, Medtronic Xomed Inc. and Gyrus ENT LLC, in the U.S. District Court for the Middle District of Florida.

The case was set to go to trial there on Sept. 11.

The settlement comes on the...
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