Nov 6th, 2009 - Reuters
CHICAGO (Reuters) - Medical device maker Boston Scientific Corp (BSX.N) reached an agreement with the U.S. Department of Justice related to product recalls issued by its Guidant subsidiary, and will record a third-quarter charge of $294 million, the company said in a government filing.
Under the terms of the agreement, Guidant will plead to two misdemeanor charges related to failure to include information in reports to the U.S. Food and Drug Administration, and Boston Scientific will pay $296 million on behalf of Guidant.
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UPDATE 2-Boston Scientfic reaches pact with DOJ, shares fall
Nov 6th, 2009 - Reuters
* Reaches agreement with U.S. DOJ over Guidant advisories * To pay $296 million as part of deal * Will record Q3 charge of $294 million * Sees FY09 adjusted shr at 75-79 cents...
Boston Scientific Reaches $296 Million Settlement In Guidant Case
Nov 6th, 2009 - CNNMoney
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.
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