Antitrust Lawsuit against Cantel's Minntech Subsidiary is Dismissed
February 07 2006 - 3:26PM
Business Wire
CANTEL MEDICAL CORP. (NYSE:CMN) today announced that on January 27,
2006 the United States District Court, District of Minnesota,
granted Minntech Corporation's Motion for Summary Judgment in the
antitrust lawsuit commenced by HDC Medical, Inc. in November 2003.
As a result of the ruling, the complaint against Minntech, a
wholly-owned subsidiary of Cantel, has been dismissed. HDC has a
30-day right to appeal the court's decision. Mr. James P. Reilly,
President and Chief Executive Officer of Cantel, said: "We could
not have had a better result. We pride ourselves on the manner in
which we conduct our business and the court's ruling clearly
confirms that HDC's allegations were without merit." Cantel Medical
Corp. is a leading provider of infection prevention and control
products in the healthcare market. Our products include specialized
medical device reprocessing systems for renal dialysis and
endoscopy, dialysate concentrates and other dialysis supplies,
disposable infection control products primarily for the dental
industry, endoscopy and surgical products, water purification
equipment, sterilants, disinfectants and cleaners, hollow fiber
membrane filtration and separation products for medical and
non-medical applications, and specialty packaging for infectious
and biological specimens. The Company also sells scientific
instrumentation products, provides technical maintenance for its
products and offers compliance training services for the transport
of infectious and biological specimens. This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements involve
a number of risks and uncertainties, including, without limitation,
the risks detailed in Cantel's filings and reports with the
Securities and Exchange Commission. Such forward-looking statements
are only predictions, and actual events or results may differ
materially from those projected or anticipated.
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