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CryoLife Inc. Message Board

  • tisha_4_60 tisha_4_60 May 10, 2010 3:43 PM Flag

    Court Date Today for Cry v Medafor in Ga.

    Can't find anything on PACER, what happened today?

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    • dlhild@ymail.com dlhild May 13, 2010 8:30 PM Flag

      It is common for a judge to take matters under advisement for 10 to 15 days. I'm pretty sure that is the situation. It only makes sense for a judge to do this.

      • 1 Reply to dlhild
      • Yes, there is no deadline or timetable for a judge to make a decision. A Federal Judge has many cases going on simultaneously including actual trials.

        Wspringer: This does not solve anything for CryoLife. Winning for CryoLife only restores the status quo of delivery by Medafor; losing would be very harmful to CryoLife in losing the product sales.

        From the CryoLife quarterly it sounds like this latest phase of the legal process is costing each party about another ½ million dollars. I think that a big part of CryoLife’s lawsuit has been to ware down Medafor because Medafor can not afford the legal expense. The legal fees on each side must be approaching $2,000,000 in total. The lawsuit is now over 1 year old. Judging by past behavior, it does not look like either side is willing to “give up”.

    • Judge took matter "under advisement". It is up to the judge. Judges have no deadline upon themselves so the timing of the ruling can not be known.

      • 1 Reply to mister_bobblehead
      • To my knowledge, CRY has never sold any Hemostase anywhere it wasn't licensed to do so. They may have talked to parties in diffferent geographical areas, that were not licensed for sales, to test the waters for future potential sales, but various and sundry lips moving inquisitively should not be any grounds for abrogating a business contract. Ergo, one has to wonder how they could not win this contract dispute with Medafor. Assuming CRY gets a ruling in their favor, one would think that Medafor could be a subsidiary, or molded into the products division of CryoLife, in a relatively short period of time.

 
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