Financial

Judge vacates $5M arbitration award in ex-reps’ suit against Masimo

April 4, 2014 by Brad Perriello

A federal judge vacates the $5 million arbitration award levied against Masimo in a wrongful termination lawsuit brought by 2 former sales reps, ruling that the arbitrator was biased against Masimo.

Judge vacates $5M arbitration award in ex-reps suit against Masimo

Masimo (NSDQ:MASI) is off the hook for a $5 million arbitration award after a federal judge yesterday found the arbitrator was biased against the medical device company because of his brother’s work as a lawyer for patient monitoring rivalCovidien (NYSE:COV).

 

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Josh Sandberg

Josh Sandberg is the President of Ortho Sales Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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