Advertisement
YOU ARE HERE: LAT HomeCollectionsSulzer Medica Company
IN THE NEWS

Sulzer Medica Company

FEATURED ARTICLES
BUSINESS
July 10, 2001 | KIM FRICK, BLOOMBERG NEWS
Sulzer Medica, Europe's biggest maker of orthopedic products, now faces about 1,000 lawsuits over a recalled hip implant, up from 800 previously reported. The Swiss company said insurance probably won't cover all the related costs. About 2,200 patients have had surgery to replace the Inter-Op implants, the company said. Medica Chairman Max Link said he sees that figure rising to 2,500.
ARTICLES BY DATE
BUSINESS
June 1, 2002 | Bloomberg News
Sulzer Medica Ltd. agreed to settle a class-action suit over faulty artificial hips and knees instead of filing for bankruptcy, after convincing all but 87 plaintiffs to accept the accord. The settlement will cost Sulzer Medica $725 million, while former owner Sulzer and insurers will pay an additional $275 million. Medica's Sulzer Orthopedics unit, based in Austin, Texas, began recalling hip implants in December 2000, saying they might loosen.
Advertisement
BUSINESS
June 1, 2002 | Bloomberg News
Sulzer Medica Ltd. agreed to settle a class-action suit over faulty artificial hips and knees instead of filing for bankruptcy, after convincing all but 87 plaintiffs to accept the accord. The settlement will cost Sulzer Medica $725 million, while former owner Sulzer and insurers will pay an additional $275 million. Medica's Sulzer Orthopedics unit, based in Austin, Texas, began recalling hip implants in December 2000, saying they might loosen.
BUSINESS
July 10, 2001 | KIM FRICK, BLOOMBERG NEWS
Sulzer Medica, Europe's biggest maker of orthopedic products, now faces about 1,000 lawsuits over a recalled hip implant, up from 800 previously reported. The Swiss company said insurance probably won't cover all the related costs. About 2,200 patients have had surgery to replace the Inter-Op implants, the company said. Medica Chairman Max Link said he sees that figure rising to 2,500.
Los Angeles Times Articles
|