Biomet, Inc. Announces Tronzo Jury Verdict Thrown Out on Appeal.WARSAW, Ind.--(BW HealthWire)--Sept. 1, 1998--Biomet, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BMET BMET Biomedical Engineering Technology BMet Bachelor of Metallurgy BMET Bio-Medical Equipment Repair Technician ) announced today that the U.S. Court of Appeals for the Federal Circuit (the "Federal Circuit") has struck down a jury award of approximately $36.6 million that had previously been entered against the Company and in favor of Raymond Tronzo. The Federal Circuit accepted Biomet's position on all patent issues and found that the patent claims asserted by Tronzo were invalid and, therefore, could not have been infringed by Biomet. The Federal Circuit upheld the district court's findings of liability on Tronzo's state law claims. However, the Federal Circuit vacated the entire damage award assessed against Biomet on the state law claims and remanded the case to the district court for further consideration of these claims only, narrowly limiting Tronzo's ability to recover any damages. As a result of the Federal Circuit's decision, the injunction previously entered against Biomet on the Mallory/Head finned finned adj. Having a fin, fins, or finlike parts. Often used in combination: single-finned; multifinned. acetabular acetabular /ac·e·tab·u·lar/ (as?e-tab´u-lar) pertaining to the acetabulum. acetabular pertaining to the acetabulum. acetabular dysplasia see hip dysplasia. cupno longer stands and all damages assessed against Biomet have been vacated. In a joint statement by Dane A. Miller, Ph.D., President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Niles L. Noblitt, Chairman of the Board, they said: "We are extremely pleased by the Federal Circuit's decision. We believe this decision effectively refutes all of Tronzo's allegations against our company and vindicates our management of this matter." Biomet, Inc. and its subsidiaries design, manufacture and market products used primarily by orthopedic medical specialists in both surgical and non-surgical therapy, including reconstructive and fixation devices, electrical bone growth stimulators, orthopedic support devices, operating room operating room n. Abbr. OR A room equipped for performing surgical operations. supplies, spinal implants, general surgical instruments, arthroscopy Arthroscopy Definition Arthroscopy is the examination of a joint, specifically, the inside structures. The procedure is performed by inserting a specifically designed illuminated device into the joint through a small incision. products, bone cements, bone substitutes and craniomaxillofacial implants and instruments. Headquartered in Warsaw, Indiana, Biomet and its subsidiaries currently distribute products in approximately 100 countries. For further information contact Greg W. Sasso, Vice President, Corporate Development and Communications at (219) 372-1528. Web site: www.biomet.com or e-mail investor.relations@biometmail.com
CONTACT: Biomet, Inc., Warsaw
Greg W. Sasso, 219/372-1528
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