Posts tagged: jury verdict
St. Alphonsus Regional Medical Center has been ordered to pay $52 million to an MRI company for violating a partnership agreement it had with the firm and forming a competing company, the Associated Press reports. The jury verdict, handed down Monday, is one of Idaho's biggest ever; earlier, another jury awarded MRI Associates $63.5 million in damages in 2007; a judge later reduced that award to $36 million, and in 2009 the Idaho Supreme Court sent it back for a new trial, which started Sept. 6 and lasted eight weeks. A St. Alphonsus spokeswoman said the hospital again plans to appeal; click below for a full report from the AP.
Wade Woodward, one of the attorneys with the Boise firm of Banducci Woodard Schwartzman, which represented MRI Associates, said, “Two separate juries have unanimously found that St. Al's acted badly by intentionally competing with its partners while it was in the partnership.” His firm characterized the case as a “David vs. Goliath legal battle, pitting a small business against an enterprise-level regional medical center with revenues of $450 million in 2009 and a parent company, Trinity Health, that boasted assets of more than $8 billion at the end of that year.”