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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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August 25, 2015
07:02 EDTNUVANuVasive exploring locations to build medical device facility
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August 24, 2015
08:29 EDTNUVAWilliam Blair to hold a field trip
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August 18, 2015
07:04 EDTNUVANuVasive appoints Johnson Lai as Chief Information Officer
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