Lawyer - News

Four major makers of hip and knee replacement devices have agreed to pay $311 million in fines to avoid prosecution for allegedly giving financial inducements to doctors who used their products. The deferred prosecution agreement imposes a five-year compliance period and subjects the companies to 18 months' federal monitoring. Another company elected to be monitored but refused to enter into a civil settlement. The five companies represent about 95 percent of the hip and knee replacement device market.

This entry was posted on Friday, September 28th, 2007 at 12:07 pm and is filed under Lawyer - News.