Less than a month ago TSB posted about the Louisville 5, a dream of a spine team. Breaking news has surfaced that there already is dissension on the team. Could this be a job for Rick Pitino, or is this better suited for John Calipari based on his reputation for dealing with squeaky clean programs. It seems like one of the teammates is crying foul, while two other teammates are contending its their ball and their not sharing it with anyone.
On January 17th, 2011, it was reported in the Courier-Journal that some members of the Louisville 5 Dream Team were embroiled in a battle over $60 million in future royalty payments from the Evil Empire, aka, Medtronic. Dr. John R. Johnson, you could call me ray, you can call me jay, but don't call me Johnnie, co-director of the Norton Leatherman Spine Center says in a lawsuit that two other surgeons have reneged on a decade old pact to equally split Medtronic royalty payments for helping develop spinal implants.
Dr. Steven Glassman and John R. Dimar, II, who also play and practice at the Center signed their own deal with Medtronic in 2006 and have every intention of keeping their royalties all to themselves. Dr. Johnson on the other hand claims that their actions violate a 2001 agreement that would allow five surgeons to equally share rights in their inventions for Medtronic. The breach of contract suit pertains to Drs. Glassman's and Dimar's work on the Solera System. Medtronic should have called it the Solar System and marketed it as being out of this world. So why is Dr. Johnson suing? Because the potential estimated payout could be for $60 million in royalties over the next five to six years. Dr. Puno and Dr. Campbell better known as bench warmers in the suit, have taken opposing sides against their teammates. Dr. Puno sides with Dr. Johnson, while Dr. Campbell has sides with Glassman's and Dimar's position.
In addition to the claims made by Dr. Johnson, it seems that loyalty is not highly regarded when it comes down to the Benjamins. Dr. Johnson's attorney was quoted as saying that after training in France 30 years ago with Cotrel-Dubousset, Dr. Johnson brought in Glassman and Dimar's into the practice to continue the development of these products for the benefit of patients. If so, what does this have to do with Solera if that was a separate deal?
The interesting aspect of the suit is that both parties have petitioned the court to keep their business and financial information a secret from the public domain. Seems like there is some inbred fighting going on. Maybe "da boyz" can go down to Jack Fry's and settle this over a plate of Poulet Rouge Fermier and some excellent aged Knob Creek of Makers Mark 46 Kentucky Bourbon, because by time the attorneys get through with both parties they'll be eating at the Hard Rock instead. TSB wants to know what's in the water down in L'ville?