Court Grants Preliminary Approval to Class Action Settlement that Provides Benefits Of Approximately $20 Million to Healthcare Providers that Purchased a SS1 Before Janua... (ble healthcare providers on the Transiti...)

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Court Grants Preliminary Approval to Class Action Settlement that Provides Benefits Of Approximately $20 Million to Healthcare Providers that Purchased a SS1 Before January 1, 2009

Date:3/4/2011

ble healthcare providers on the Transition List will be sent notice of the settlement. The settlement applies to approximately 20,000 SS1 Devices owned by approximately 6,600 customers. Based on the number of Eligible SS1 Devices and settlement options made available to each, C&T estimates that the settlement provides approximately $20 million of benefits to the class.

The benefits that class members can elect to receive differs depending on whether they are members of Sub-Class A, Sub-Class B, or Sub-Class C: Sub-ClassDescription

Settlement ConsiderationA

Class Members that (a) purchased or elect to purchase SYSTEM 1E™ ("SS1E") Device from STERIS on or before December 31, 2012, and (b) either (i) still have the Eligible SS1 Device(s) or (ii) returned the Eligible SS1 Device(s) to STERIS in the Rebate Program. The SS1E is STERIS' next generation liquid chemical sterilant processing system.

Will receive SS1E Credits in the amount of $1,000.00 per Eligible SS1 Device, which can be applied towards the purchase of any SS1E Accessories, Parts Or Consumables; SS1E credits can be combined, and must be claimed by December 31, 2012.Class Members that (a) do not elect to purchase an SS1E Device and (b) either (i) still have the Eligible SS1 Device(s) or (ii) returned the Eligible SS1 Device(s) to STERIS in the Rebate Program.

Will, for each Eligible SS1 Device, have the option to receive either (a) $500 in STERIS Product Credits, or (b) $300.00 in cash. STERIS Product Credits may be redeemed for any STERIS product(s) other than an SS1E Device, service, or service contracts. STERIS Product Credits can be combined and must be claimed by December 31, 2012. C

Class Members that, for any reason other than because the Eligible SS1 Device was returned to STERIS in the Rebate Program, no longer have the Eligible SS1 Device.

Will be entitled to receive a $200.00 cash payment
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SOURCE Chimicles & Tikellis LLP
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