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Smith & Nephew Inc. (SNN) Forges Settlement in Trade Secrets Lawsuit Against Staffing Company


8/26/2013 8:10:23 AM

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Smith & Nephew and Northwest Ortho Plus come to a closed-doors agreement to settle all allegations in a $56 million trade secrets theft lawsuit. Healthcare giant Smith & Nephew (FTSE:SN, NYSE:SNN) came to terms with former staffing services provider Northwest Ortho Plus, putting to bed a year-old trade secrets dispute. The original lawsuit, which accused Northwest of damaging Smith's goodwill and compromising valuable corporate information, was seeking $56 million in damages, but the companies did not disclose the terms of their newly forged settlement.

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