Becton Dickinson to Pay $85 Million to Resolve Claims Over Alaris Infusion Pump
22 December 2023 - 9:50AM
Dow Jones News
By Sabela Ojea
Becton Dickinson agreed to pay a settlement of $85 million to
resolve claims against the company and its officers regarding its
Alaris infusion pump.
The medical technology company on Thursday said it filed the
settlement documents and it is seeking approval by the U.S.
District Court for the District of New Jersey.
The company's results and free cash flow position won't be
materially impacted by the settlement, linked to a class action
shareholder litigation filed in February 2020.
Investors accused the company of hiding looming regulatory
hurdles impacting sales of its Alaris infusion pump.
Becton Dickinson and its management have denied any wrongdoing,
the company added.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
December 21, 2023 17:35 ET (22:35 GMT)
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