Artificial-Joint Makers Settle Kickback Case
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Four of the nationâs biggest makers of artificial joints will pay a total of $310 million in fines to settle accusations that they paid kickbacks to surgeons.
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Five makers of medical device implants have made agreements with the government to resolve fraud concerns over industry practices, federal prosecutors said.
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A jury in Memphis, Tenn. has ordered a company owned by Fridley-based Medtronic Inc. to pay an inventor $110 million in damages. The jury ruled that Medtronic Sofamor Danek Inc.
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A federal court jury on Tuesday ordered a Medtronic subsidiary to pay about $110 million in a dispute between the company and a doctor who invented some of its spinal fusion technologies.
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(InfoWorld) - AzulÂ and SunÂ have settled aÂ patent infringement suit Sun filed, the companies said Tuesday. The suit had been pending in U.S. District Court for the Northern District of California since May 2006, said Scott Sellers, COO and co-founder of Azul. Sun alleged that Azul violated trade secrets and patent laws. Azul, founded in 2002, makes high-capacity computing appliances. The company had hired some former Sun employees, including Stephen DeWitt, its CEO. "We're very pleased to disclose this [settlement]. This has been in the works for some time. Both sides realize they're spending a lot of money, and this would have taken another year," said Sellers. U.S. District Court Judge Charles Breyer, presiding over the case, had made some pretrial rulings on motions that were adverse to Sun, which prompted the company to agree to settlement talks, Sellers said. Sun tells a different story. In a statement released Tuesday afternoon, Sun spokeswoman Kristi Rawlinson said Azul agreed to settle because Sun was building a stronger case against Azul as the lawsuit went on. "The patent infringement and trade secret claims against Azul grew larger during the pendency of the case," Rawlinson stated. "Azul came to the realization it would be better to return to negotiations and settle the claims rather than continue with the lawsuit they initiated." The case relates to technology for improving the performance of microprocessors through the use of chip multithreading, which Azul is now using in its products. Sun claims Azul infringed patents related to Sun's prior research in the field, and that it abused trade secrets by poaching about a dozen Sun employees familiar with the technology. In a blog posting, Michael Dillon, Sun's chief legal counsel, declined to discuss terms of the settlement, as did Azul's Sellers.
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NEWARK, New Jersey  - Four medical device makers will pay a total of $311 million and agreed to federal monitoring to settle a government probe into consulting deals prosecutors said were made with surgeons to sway decisions on which hip and knee implants to give to patients.
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BetonSports pleaded guilty to racketeering charges and agreed to cooperate in a case against the companyâs founder and other defendants.
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Company says Arbinet will settle in copyright infringement dispute.
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L-3 Communications Corp., which sells equipment to detect bombs in airport luggage, settled a lawsuit in which it claimed business partner Analogic Corp. violated a contract by submitting independent proposals to the Transportation Security Administration. Peabody-based Analogic said terms of the settlement were kept confidential and that the agreement didn't entail a payment by either side. &quot;We look forward to ...
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The Justice Department says HealthSouth Corporation has agreed to pay the US government 325 (m) million dollars. The money is to settle numerous allegations that the company defrauded Medicare and other government health programs.
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Michael Jackson on Monday settled a breach-of-contract suit brought by a financial firm that claimed to have brokered the deal that allowed him to avoid default on more than $270 million in loans last year.
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A stock brokerage firm and two mortgage companies have agree to pay a total of more than $420,000 to&#160;settle claims that they had unlicensed software&#160;on their computers, the Business Software Alliance (BSA) announced Tuesday.
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Research In Motion Ltd.    has settled a lawsuit with Samsung Electronics Co.  Ltd.  over allegations the South Korean electronics  giant infringed on RIM's well-known BlackBerry trademark name  with its competing BlackJack smartphone.
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The artificial joint maker accepted a bid of $11.4 billion from a private equity consortium.
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NEW YORK, Nov. 17 -- Gary L. Pilgrim and Harold J. Baxter, founders of a tech-based mutual fund that blazed and then fizzled in the 1990s, agreed yesterday to pay $160 million to settle charges that Pilgrim took advantage of trading opportunities and Baxter shared inside information at the expense of investors.
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Engadget.com has resolved a dispute with the software giant over proprietary content.
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The U.S. FTC has settled a complaint filed last year against a company accused of illegally selling telephone records.