A Medical Device Daily
Sorin Group (Milan, Italy), a company that specializes in the treatment of cardiovascular diseases, reported the settlement of a lawsuit related to its supply agreement with ATS Medical (Minneapolis).
Under the agreement, ATS will pay to Sorin Group $7.5 million in damages. "This settlement, following the US District Court's denial of ATS' motion to dismiss, is very favorable to Sorin Group. The settlement also confirms the strength of our position and shows that we will vigorously enforce our legal rights," said Brian Sheridan, general counsel of Sorin Group.