Boston Scientific and Alfred Mann, founder of Advanced Bionics, a neurostimulation company sold to Boston Scientific in 2004, face off in court today
over the firm's wish to oust Mann from his old company, reports the Boston Globe
. As part of the sale agreement, Mann stayed on as head of the new Boston Scientific division, and shared control over it with the company. But things quickly went wrong, as Advanced Bionics ran into quality problems and Boston Scientific moved to dump Mann. Last year, the firm told Mann and his right-hand man to resign or they would be forced out. Mann then sued the company, and in April, a judge agreed with him, finding Boston Scientific acted in bad faith and issuing an injunction preventing his ouster. Today, an appellate court hears the company's appeal.
At the root of this is poor contract negotiation. It's not...