05/14/2009 - In a decision released May 8, 2009, Justice Cullity of the Ontario Superior Court of Justice certified a national class action against Guidant Corporation (subsequently purchased by Boston Scientific) on behalf of a class of 28, 443 individuals for claims relating to allegedly defective pacemakers. Litigation in the U.S. resulted in a settlement of $240 million in late 2007 on behalf of approximately 8,000 plaintiffs. More>>>
12/14/2008- Dr. Robert Hauser of the Minneapolis Heart Institute Foundation has said in today’s New England Journal of Medicine that he is not confident in the test guidelines for a next-generation heart defibrillator under development by Medtronic, Inc., Boston Scientific Corporation, and St. Jude Medical, Inc., reports the Star Tribune. More>>>
02/04/2008 - Boston Scientific Corp., the world's second-largest maker of heart devices, posted a loss on costs for legal expenses and job cuts. Sales rose more than analysts' estimated, boosting the shares in extended trading. More>>>
02/04/2008 - Medical device maker Boston Scientific Corp posted a fourth-quarter net loss on Monday as it took charges for restructuring operations, divesting assets and patent litigation. The company, which has focused on reducing costs and shedding non-core assets as it copes with downturns in its two key heart device markets, said the net loss was $458 million, or 31 cents a share. More>>>