Retractable Technologies Shares Down 12% on Unfavorable Ruling
March 27 2019 - 1:16PM
Dow Jones News
By Chris Wack
Shares of Retractable Technologies Inc. (RVP) dropped almost 12%
to 67 cents after the company said it received an unfavorable court
ruling.
The medical-products company said that the Fifth Circuit Court
of Appeals on Tuesday affirmed a district court's finding that
determined that neither disgorgement of profits nor further
injunctive relief should be granted to Retractable in its case
against Becton, Dickinson and Co. (BDX), despite finding that
Becton, Dickinson falsely advertised its products for years.
Retractable said it is evaluating this ruling and conferring
with legal counsel regarding possible future action.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
March 27, 2019 13:01 ET (17:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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