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December 13, 2012
16:51 EDTNUVANuVasive releases $62.5M from escrow following appeals court ruling
NuVasive announced the release of $62.5M from a restricted escrow account in relation to NuVasive's trademark dispute regarding the NeuroVision trade name. In January 2011, an unfavorable judgment in the amount of $60M plus attorney fees and costs was entered against NuVasive relating to its use of the NeuroVision trade name. NuVasive subsequently entered into an escrow arrangement and transferred $62.5M into a restricted escrow account to secure the judgment. In reversing the judgment against NuVasive, the Ninth Circuit Court of Appeals remanded the case for a new trial and instructed the court to assign a different judge. The plaintiff has not appealed the Court of Appeals' ruling and NuVasive has now secured the release of the $62.5M from the restricted escrow account.
News For NUVA From The Last 14 Days
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July 29, 2014
18:35 EDTNUVAOn The Fly: After Hours Movers
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16:42 EDTNUVANuVasive raises FY14 EPS view to $1.11 from $1.06, consensus $1.09
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16:40 EDTNUVANuVasive reports Q2 EPS 28c, consensus 25c
Reports Q2 revenue $190.7M, consensus $177.45M.
July 24, 2014
08:19 EDTNUVALeerink medical devices analyst holds an analyst/industry conference call
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July 16, 2014
07:18 EDTNUVAScoliosis Research Society to hold annual meeting
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