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Atomic Energy of Canada settles legal battle with Nordion over medical isotopes

Nordion Inc. to drop about $244 million of claims against Atomic Energy of Canada Ltd.


 

OTTAWA – Nordion Inc. will drop about $244 million of claims against Atomic Energy of Canada Ltd. as part of its settlement of a years-long legal battle over medical isotopes produced by AECL and distributed around the world by Nordion.

The settlement includes a new supply agreement that will run until October 2016.

In addition, AECL will pay $15 million in cash to Nordion and drop about $127 million in claims it had sought — $47 million for arbitration costs and $80 million for damages.

Nordion says the agreement will provide clarity for its operations.


 
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