Breaking News: Boston Scientific in Guidant Lawsuit Settlement Talks
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BREAKING NEWS: 10.15.07--Medtronic, Inc., the world's largest maker of electronic heart devices, announced they are suspending sales of Sprint Fidelis leads. According to the FDA, these wires, used to connect defibrillators to the heart, may break or erode and may increase chance of injury. Learn more about the Medtronic Sprint Fidelis Recall. |
May 17, 2007--According to an article in this morning's web edition of the Wall Street Journal, Boston Scientific is in talks toward a settlement of the 1,350 product liability suits it inherited when it bought Guidant Corp. last year.
The suit focuses on Guidant's sale of several defective models of implantable defibrillators.
The suit alleges that Guidant sold those products even after learning of their defects, reports the Journal.
According to the article, Boston Scientific has raised money and set it aside in advance of potential damages in the case.
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