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Judge nixes Orthofix, DoJ deal for 2nd time

Fri, 12/14/2012 - 2:21pm
Mass Device

A federal judge once again puts the kaibosh on a settlement deal between the U.S. Justice Dept. and Orthofix International over charges that it illegally promoted its bone-growth stimulators.

Orthofix

A federal judge spiked a settlement deal between Orthofix (NSDQ:OFIX) and the U.S. Justice Dept. for the 2nd, time, saying the agreement isn't in the public's best interest.

Judge William Young of the U.S. District Court for Massachusetts 1st nixed the deal back in September because it didn't then give him enough leeway to impose further penalties.

"It seems in this case the court’s hands ought not be tied," Young said at the time. "I have extreme unease of treating corporate criminal conduct like a civil case."

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