The motion to dismiss the International Brotherhood of Electrical Workers’ shareholder derivative complaint against certain officers and directors of Biomet Inc. was granted on June 10, 2008, without leave to amend due to plaintiff’s lack of standing.
On Dec. 11,…
Biomet Inc.’s contract breach suit against a former distributor for Biomet Orthopedics, LLC is pending in a federal district court in Indiana.
The Company brought suit against the former distributor who, in violation of his contractual and other obligations to…
Biomet Inc. intends to cooperate with requests from the U.S. Securities and Exchange Commission and the Department of Justice relating to the sale of medical devices in certain foreign countries.
On Sept. 25, 2007, the Company received a letter from…
Biomet Inc. continues to cooperate with the Commonwealth of Massachusetts Office of the Attorney General in its investigation into the Company’s transactions with physicians and provider groups.
The Company received a Civil Investigative Demand issued by the Massachusetts AG on…
Biomet Inc. is cooperating with the document requests of the U.S. Department of Justice related to the sales and marketing practices of the Company’s subsidiary, EBI, LLC.
In May 2007, the Company received a subpoena from the DOJ through the U.S.…
The appeal filed by the plaintiffs from the dismissal of their amended consolidated shareholder derivative complaint against certain Biomet Inc. officers and directors is pending with the Indiana Court of Appeals.
On Sept. 21, 2006, two shareholder derivative complaints were…
Biomet Inc. and Biomet Orthopedics, LLC’s lawsuit against Zimmer US, Inc., certain of the Company’s former distributors and David Montgomery is ongoing.
A former employee of the Company, Mr. Montgomery currently works for Zimmer.
The 13-count lawsuit originally filed in…
The Putnam County Circuit Court has scheduled a consolidated trial for June 1, 2009, of six plaintiffs in the remaining lawsuits against Biomet Inc.’s subsidiary, EBI, LLC, Dr. John King, Wright Medical Corporation and Robert Edwards.
In late 2004 and…