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Stryker, Synthes, Inc. (SYST) Settle Suit Over Poaching Employees


3/19/2012 8:05:09 AM

Stryker and Synthes reach a deal to settle a Synthes lawsuit accusing Stryker of poaching a trio of sales reps. Synthes, the orthopedic surgery specialists Johnson & Johnson (NYSE:JNJ) paid $21.3 billion for in April, and rival Stryker (NYSE:SYK) agreed to settle a lawsuit accusing Stryker and 3 of its former sales representatives of violating their non-disclosure pacts and stealing trade secrets. Synthes USA Sales LLC sued Stryker, Michael Russell, Jonathan Sassani and Kristen Phillips-Cheng in the U.S. District Court for Eastern Pennsylvania, charging the former sales reps with breach of contract, breach of fiduciary duty and breaking the Pennsylvania Uniform Trade Secrets Act.

Read at MassDevice


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