litigation
confidence high
sentiment positive
materiality 0.60
Tactile Medical announces qui tam lawsuit against it dropped and dismissed without payment
TACTILE SYSTEMS TECHNOLOGY INC
- Competitor-filed qui tam lawsuit challenging patient/physician education programs dismissed by federal judge in Texas.
- Tactile Medical will pay no damages, penalties, attorney fees or other compensation.
- Company also dismissed its remaining counterclaims in the case.
- CEO Dan Reuvers states dismissal validates confidence in business practices and allows focus on therapies.