Financial

Judge nixes alleged settlement in Stryker, Biomet poaching spat

July 23, 2014 by Brad Perriello

A Michigan federal judge denies a settlement in the poaching spat between Biomet and Stryker and a pair of ex-Stryker sales reps.

A federal judge in Michigan yesterday shot down a settlement alleged by Biomet in a poaching spat with Stryker (NYSE:SYK) and a pair of former sales representatives.

Stryker sued orthopedics rival Biomet last year, accusing it of a scheme to poach reps and business from Stryker in Louisiana and New York. Christopher Ridgeway and Richard Steitzer allegedly conspired with Biomet in the scheme, according to the September 2013 lawsuit filed in the U.S. District Court for Western Michigan. Steitzer quit in June 2013 to work for Biomet; Stryker fired Ridgeway Sept. 10 of that year, according to the lawsuit, after discovering that he was allegedly running a pair of medical supply businesses on the side.

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Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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