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Retractable Tech Dives On Appeals Court Decision

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Retractable Tech Dives On Appeals Court Decision

Shares of Retractable Technologies, Inc. (NYSE: RVP) dove nearly 50 percent mid-day Friday.

The selloff followednews that the 5th Court of U.S. Appeals overturned a previous $340 million verdict against Becton Dickinson and Co (NYSE: BDX) in an antitrust case over syringes, Reuters reported.

The Court of Appeals upheld the previous jury finding that Becton Dickinson be held liable for false advertising, while ordering “damages be recalculated,” according to a Reuters market news brief released earlier Friday.

 

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