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Boston Scientific Corp.

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

Boston, MA: (Aug-30-07) Oregon Attorney General Hardy Myers's Office led a multistate probe against Boston Scientific Corp. over flawed heart defibrillators sold by Guidant Corp. Boston Scientific inherited substantial legal liability when it bought the firm last year for $27 billion. Myers claimed investigators found Guidant continued to sell devices it knew were flawed. Although the company knew about a wiring problem with the implanted defibrillators, it continued to sell remaining inventory in 2002 and 2003, that hadn't undergone modifications to fix a flaw that could cause short-circuiting.

In a settlement reached, Boston Scientific Corp. agreed to pay $16.75 million to settle state investigations. The recent deal with the attorneys general in 35 states and Washington DC comes a month after Boston Scientific agreed to pay $195 million to settle class action lawsuits over the potentially fatal flaws, which led to a wave of product recalls. The lawsuits, and the state probes, also involved allegations that Guidant dragged its feet in notifying doctors, patients and regulators about the problems. As part of the new agreement, three subsidiaries of Natick, MA based Boston Scientific will pay $16.75 million, and admit no liability. The company also will extend a warranty program for certain defibrillators by an additional six months, and adopt changes that a panel commissioned by Indianapolis-based Guidant recommended to improve notification about problems with its medical devices. [FORBES: DEFIBRILLATOR LIABILITY]

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Published on Aug-31-07


Posted by

I have a Model E110 , implanted on 03-2010. later on was told the battery might be defective. I was not told it was a circut that could drain the battery. now I have to have it replaced. Whats in it for me?


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