MEDTRONIC SETTLES SOME INFUSE LAWSUITS FOR $22 MILLION (Orthopedics This Week)
Medtronic, Inc. has agreed to pay $22 million to settle Infuse liability claims with 950 claimants. That averages out to about $23,000 per case.
The announcement on May 6, 2014, stated that approximately 750 filed cases brought by approximately 1,200 individual plaintiffs remain pending in various courts throughout the U.S. The majority of these cases are still in the early procedural stages and none have resulted in a finding of liability against Medtronic. As previously disclosed in Medtronic`s SEC filings, certai...