The jury reached a verdict in a lawsuit involving OrthoTec and Surgiview, which was purchased by Alphatec Holdings in 2010.
The jury found Surgiview transferred some assets for less than fair market value during a deal back in 2006. According to the decision, which has not yet been entered as a formal decision, this asset transfer interfered with certain contractual rights of OrthoTec.
The jury awarded $47.9 million in monetary damages against Surgiview. There will now be a second trial to determine if Alphatec is responsible for the damages against Surgiview.
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