Biomet Receives Subpoena from Department of Justice, Antitrust Division.WARSAW, Ind. -- 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 it has received a federal grand jury subpoena subpoena (səpē`nə) [Lat.,=under penalty], in law, an order to a witness to appear before a court. A subpoena ad testificandum [Lat. issued at the request of the U.S. Department of Justice, Antitrust Division, requesting documents regarding possible violations of federal criminal law, including possible violations of the antitrust laws antitrust laws n. acts adopted by Congress to outlaw or restrict business practices considered to be monopolistic or which restrain interstate commerce. The Sherman Antitrust Act of 1890 declared illegal "every contract, combination.... , relating to the manufacture and sale of orthopedic implant devices. The subpoena requests documents from January 1, 2001 through the present date. It is the Company's belief that similar inquiries have been directed to other companies in the orthopedics industry. The Company intends to fully cooperate with the Department of Justice inquiry. |
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