Medtronic has been ordered by a California federal jury today to pay nearly $382 million to rival medical device maker Applied Medical.
Rancho Santa Margarita-based Applied Medical in 2023 sued Medtronic over trying to maintain a monopoly in the advanced bipolar devices market.
In the suit, Applied Medical alleged that Medtronic “conspired to bundle,” or selling several products together at a discount, in a way that was “unhealthy for competition, hospitals and patients in need of medical treatment.”
“Medtronic is disappointed with the jury’s verdict, and we plan to appeal,” Medtronic said in a statement to the Business Journal.
“We remain confident that our business practices deliver the best product to our customers and at the value they expect. Surgeons choose Medtronic’s LigaSure device time and again because it outperforms Applied’s Voyant.”
Applied Medical is represented by Knobbe Martens, the same law firm that helped Irvine-based Masimo Corp. win a trade secrets case against Apple Inc.
For more details, see the Feb. 16th print issue of the Business Journal.
