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Orthofix International N.V.,
OFIX (the Company) commented today on
the federal court's second 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.
At a hearing yesterday the court rejected the plea agreement emphasizing
certain institutional concerns with binding the court's sentencing discretion
in such a proceeding. The court invited the Government and Orthofix to provide
to the court a joint recommendation on sentencing which would not be binding
on the court.
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