MiMedx announces confidential lawsuit settlement with terminated employee
MiMedx Group announced that the Company has agreed to a confidential lawsuit settlement from one terminated employee. MiMedx has settled its lawsuit with former employee, Harold Purdy. In this settlement, Purdy has agreed to pay a substantial six figure settlement to MiMedx as restitution and to reimburse litigation expenses. Harold Purdy said, "Although I originally filed counter-claims, I learned through the discovery process that I was incorrect. I am therefore dismissing those claims and we have settled this case, and I apologize for my error. I do not have any personal knowledge about alleged 'channel-stuffing' by the Company." In fact, in sworn testimony, Purdy admitted that all of the MiMedx product he sold into his accounts was used, was not returned, and ordering patterns in the following months were not affected.