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Violation Tracker Individual Record

Company: Biomet Inc.
Current Parent CompanyZimmer Biomet
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Penalty: $50,000,000
Year: 2014
Date: February 3, 2014
Offense Group: safety-related offenses
Primary Offense: drug or medical equipment safety violation
Secondary Offense: product safety violation
Mega-ScandalMedical Equipment Hazards
Violation Description: Biomet agreed to create a $50 million escrow account as part of the settlement of multi-district litigation alleging that it produced defective hip implants.
Level of Government: federal
Action Type: private litigation
Court: Northern District of Indiana
Civil or Criminal Case: civil
Case ID: 3:12md2391
Case Name: Biomet M2a Magnum Hip Implant Products Liability Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Indiana
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: medical equipment and supplies
Specific Industry of Current Parent: medical devices
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.