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Article: BD Announces Settlement of Pending Lawsuit.
- Article from:
- PR Newswire
- Article date:
- July 2, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BD (Becton, Dickinson and Company) announced that the Company has entered into an agreement today to settle the lawsuit filed against it by Retractable Technologies, Inc. (RTI) in the United States District Court, Eastern District of Texas in Texarkana, Texas.
"This agreement will enable us to focus all of our energies and resources on our most important task -- meeting significant healthcare needs through the production of safe, effective and competitively-priced products," said Edward J. Ludwig, Chairman, President and Chief Executive Officer of BD.
Under the terms of the agreement, the suit against BD will be dismissed with prejudice, and BD will pay ...