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COMMITMENTS AND CONTINGENCIES
3 Months Ended
Mar. 31, 2019
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

8.    COMMITMENTS AND CONTINGENCIES

 

In May 2010, the Company and an officer's suit, initiated in 2007, against Becton, Dickinson and Company (“BD”) in the U.S. District Court for the Eastern District of Texas, Marshall Division alleging violations of antitrust acts, false advertising, product disparagement, tortious interference, and unfair competition was reopened.  After a series of appeals, this case was ultimately settled by the Settlement Agreement and Release (the “Settlement Agreement”) among the Company, an officer of the Company, BD, and MDC Investment Holdings, Inc. (“MDC”) whereby the Company and an officer and other affiliates (together, the “RTI Releasors”) released all claims arising prior to May 3, 2019 against BD and MDC and their affiliates (together, the “BD Releasors”).  Likewise, pursuant to the Settlement Agreement, the BD Releasors released all claims arising prior to May 3, 2019 against the RTI Releasors.  As a result of the Settlement Agreement, on May 6, 2019, the Company and an officer filed in the U.S. Court of Appeals for the Fifth Circuit a withdrawal of a petition for rehearing en banc filed on April 23, 2019, effectively leaving the take-nothing judgment of that court intact and ending further proceedings.

 

In September 2007, BD and MDC sued the Company in the U.S. District Court for the Eastern District of Texas, Texarkana Division, initially alleging that the Company is infringing two U.S. patents of MDC (6,179,812 and 7,090,656) that are licensed to BD.  This case, which had been stayed since 2015, was settled pursuant to the Settlement Agreement referenced in the preceding paragraph.  As a result of the Settlement Agreement, on May 6, 2019, BD, MDC, and the Company filed a stipulation with the U.S. District Court for the Eastern District of Texas, Texarkana Division that the claims in this action should be dismissed with prejudice without costs or attorneys’ fees to any of the parties.