Centerpulse
This article was originally published in The Gray Sheet
Executive Summary
An additional $45 mil. will be allotted for legal expenses in the second quarter, incurred from the firm's March 2002 hip and knee recall and U.S. class action settlement (1"The Gray Sheet" June 3, 2002, p. 6). While litigation expenses now top $918 mil., Centerpulse maintains the increase will not affect the terms and conditions of pending acquisition bids from Smith & Nephew ($2.3 bil.) and Zimmer ($3.2 bil.) (2"The Gray Sheet" May 26, 2003, p. 3)...