Nov 6th, 2009 - CNNMoney
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Boston Scientific Corp. (BSX) agreed to pay $296 million to resolve a JusticeDepartment investigation into to product advisories at its Guidant defibrillatorunit.
Shares of the medical-device maker fell 3.1% at $7.80 in premarket trading.Through Thursday, the stock was up 4% for 2009.
Because of the settlement, Boston Scientific now says it had a third-quarterloss of $94 million, or 6 cents a share, not the profit of $200 million, or 11cents a share, it reported last month.
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Nov. 6 (Bloomberg) -- Boston Scientific Corp. agreed to pay$296 million to settle a U.S. Justice Department investigationinto the device maker’s Guidant subsidiary and restated third-quarter results to show a loss.
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