HEALTH : Medical Firm AcroMed Agrees to Settle Suit

AcroMed Corp. has agreed to settle a class-action lawsuit by paying up to $100 million to about 3,000 people who said they suffered from the firm’s spinal products. The Cleveland-based medical-equipment company and the plaintiffs’ attorneys have until Jan. 6 to submit a formal settlement agreement to Chief Judge Emeritus Louis C. Bechtle of U.S. District Court in Philadelphia. “We have taken this action despite our firm belief that claims arising from the use of these devices in spinal fusion surgeries are without merit,” AcroMed said in a statement.