Boston Scientific May Be Near Settlement on ICD Claims
Plaintiff lawyers have indicated that Boston Scientific is engaging them in settlement talks regarding lawsuits over malfunctioning implantable cardioverter-defibrillators and pacemakers, the Star Tribune of Minneapolis reports. Boston Scientific inherited the liability when it bought Guidant.
July 11, 2007
1 Min Read
The company is not talking, but a spokeswoman for the plaintiffs said that "the parties are discussing the best way to proceed with these cases." It is believed that Wall Street might look favorably on a settlement, as it would allow the firm to better focus on operational issues.
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