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CASH HELD IN ESCROW
12 Months Ended
Dec. 31, 2017
CASH HELD IN ESCROW  
CASH HELD IN ESCROW

7.        CASH HELD IN ESCROW

                                                                                                                                                                                    

 

 

 

December 31,
2017

 

December 31,
2016

 

December 31,
2015

 

 

Cash held in escrow

 

 

 

$

70,000,000

 

 

 

 

 

 

 

 

 

 

 

 

The Company placed $70 million into a joint escrow account to partially cover the damages awarded against the Company in its primary U.S. litigation with CardiAQ. On November 13, 2017, the final mandate of the court was issued and approximately $70 million was released from escrow to CardiAQ to partially settle the approximately $112 million damages and interest awards (see Notes 14 and 24).