LITTLE ELM, Texas--(BUSINESS WIRE)--Retractable Technologies, Inc. (NYSE MKT: RVP) (“RTI”) announced today that on February 3, 2015 the United States Court of Appeals for the Fifth Circuit issued an order which denied Becton, Dickinson and Co.’s (“BD”) motion for stay of injunction pending appeal.
In previous press releases, RTI has reiterated the requirements of the injunction at issue, which, among other things, require BD to notify its customers and others that it wrongfully distributed false and misleading advertisements. Except to the extent stayed by the District Court’s January 14 order, the notices required by the injunction must be sent by BD no later than February 14, 2015. BD had requested a stay of the injunction pending appeal. The Fifth Circuit opinion did not expand on its reasoning for denying BD’s motion.
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