The American-Statesman article has a quote from Harry L. Zimmerman, Encore's Executive Vice President and General Counsel. Regular readers can guess what Mr. Zimmerman said:
The lawsuit is baseless and without merit, and we will vigorously defend it.If only it was in a press release. . .
The deal, valued at approximately $870 million, was announced on June 30.
Encore Medical is a diversified orthopedic device company that develops, manufactures and distributes a range of orthopedic devices, including surgical implants, sports medicine equipment and products for orthopedic rehabilitation, pain management and physical therapy.
Blackstone Capital Partners V is one of the world's largest private equity funds, having raised over $15.6 billion in 2006.
The American-Statesman article indicates that Willie C. Briscoe of Provost Umphrey Law Firm LLP is counsel for plaintiff Louis Dudas in the litigation. According to the firm's website:
Although the Texas Board of Legal Specialization has certified only 10% of lawyers in Texas, every Senior Partner at Provost Umphrey Law Firm is Board Certified in Personal Injury Trial Law.We can only assume that they will vigorously prosecute the litigation.