Sonova to consider appeal against $7.25 mln damages order
ZURICH, April 17
ZURICH, April 17 (Reuters) - Swiss hearing aid maker Sonova said on Wednesday it may appeal a U.S. court verdict awarding $7.25 million in damages in a case brought by a patient whose cochlear implant malfunctioned.
The device in question was part of a voluntary recall issued by Advanced Bionics in March 2006, Sonova said.
The company also said it would reassess its provisions for such claims, which could affect the financial year 2012-13 results.
Sonova bought Advanced Bionics in 2009 in a bid to increase its focus on the inner ear, but voluntarily recalled some implant devices worldwide the following year after two more instances of malfunction. (Reporting by Martin de Sa'Pinto)