November 13, 2023
A Connecticut medical device distributor will hand over any disputed pain management devices to South Korean manufacturer GEOMC Co. Ltd., and the value of those devices will be credited toward a $1.7 million judgment against the distributor, according to a federal court order.
August 31, 2023
A Connecticut medical device distributor that has been locked in a dispute with a South Korean manufacturer for nearly a decade agreed to a $3 million judgment Thursday in federal court, with the full amount offset through a series of credits.
July 12, 2023
A Connecticut medical device distributor that partially defaulted on a $2.5 million settlement, allegedly due to the collapse of Silicon Valley Bank, has since defaulted on an additional payment and is now subject to a $3 million judgment plus liquidated damages of $5,000 per day, court papers indicate.
May 08, 2023
A Connecticut medical device distributor is asking a federal judge not to hit it with a $3 million judgment for defaulting on a $2.5 million settlement of a breach of contract suit, saying the first settlement payment was delayed by the collapse of Silicon Valley Bank.