Request Legal Help Now - Free

LAWSUITS NEWS & LEGAL INFORMATION

Boston Scientific Corp.

This is a settlement for the Drugs/Medical Devices lawsuit.

Minneapolis, MN: (Jul-13-07) A series of over 4,000 lawsuits were filed against Guidant Corp. over the company's manufacturing of faulty heart defibrillators. The spate of lawsuits was brought against Guidant, which has a cardiac rhythm management unit based in Arden Hills. The company ultimately recalled more than 100,000 defibrillators, a move that contributed to a downturn in the market for the devices. Boston Scientific Corp. inherited the legal troubles when it acquired Guidant last year for $27.5 billion.

In a settlement reached, Boston Scientific agreed to pay upwards of $195 million to settle the more than 4,000 claims. Boston Scientific, which makes medical devices, said in August 2006, that it had set aside $381 million to cover legal expenses related to the charges. [BUSINESS JOURNAL: DEFECTIVE DEFIBRILLATOR]


Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.
Published on Jul-16-07


ADD YOUR COMMENT ON THIS ISSUE

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.

Request Legal Help Now! - Free