EI client wins $1.35 billion settlement.

Gary Karlin Michelson and his associated company, Karlin Technology, Inc. recently settled their intellectual property and contract litigation against Medtronic, Inc. for $1.35 billion. Dr. Michelson/Karlin had previously prevailed at a jury trial in the Western District of Tennessee. The settlement, which ended the appeals process, included licensing of patents for products and methods. EI economists Philip B. Nelson, Robert D. Stoner, and Gloria J. Hurdle provided assistance to Kirkland & Ellis LLP and to Jeffer, Mangels, Butler & Marmaro, LLP who represented Dr. Michelson and Karlin.