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Medtronic Announces Appeal Decision in Patent Litigation with DePuy Spine
Medtronic, 06/03/09
Medtronic, Inc. announced results from a Federal Circuit Court review of a December 2007 patent infringement verdict regarding the Vertex line of multiaxial screws, which are no longer on the market. The Appeals Court upheld the verdict of patent infringement, but reversed a substantial portion of the damages award to DePuy Spine. The Appeals Court also reversed a sanctions determination against Medtronic, finding that it was legally incorrect and could not be sustained. The Appeals Court affirmed an award of $149.1 million in lost profits, but eliminated another $77.2 million in damages to DePuy Spine, along with another approximate $10.5 million in sanctions and attorneys’ fees.
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