Stryker (SYK) Announces $33M Offer to DoJ Related to OtisKnee Subpoena, Sees Charges in Q2

June 5, 2012 4:53 PM EDT
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In a Form 8-K after the close, Stryker (NYSE: SYK) disclosed the company offered $33 million to the DoJ on May 31st, 2012 related to a subpoena in regards to the sales and marketing of the OtisKnee device. The charge is expected to reduce reported diluted net earnings per share by approximately $0.09 for the second quarter of 2012 and will be excluded from adjusted diluted net earnings per share.

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