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Orthofix International N.V.,
OFIX (the Company) commented today
on the federal court rejection of the previously signed plea agreement
between the Department of Justice and Orthofix Inc., a subsidiary of the
Company, to resolve the bone growth stimulation criminal investigation.
As matter of law, a federal court must determine whether there is a
factual basis for a criminal plea offered by a defendant and, if it
accepts the plea, will then impose its sentence. Federal Rule of
Criminal Procedure 11(c)(1)(C) allows criminal defendants to agree with
the government, before offering a plea, on a recommended sentence, which
becomes binding on the court if it accepts the plea. Orthofix Inc., like
other corporate defendants, had previously entered into such an
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