September 16, 2008
Judge Rules Against BSX In $324M Damages Suit
By Matthew L. Brown
Natick-based Boston Scientific says it will appeal a U.S. District Court judge's decision to require the company to pay $324 million in damages to Johnson & Johnson as ordered in 2000.
After a jury awarded Johnson & Johnson $324 million in damages from Boston Scientific in a patent dispute over the NIR heart stent in 2000, Boston Scientific filed a motion for a new trial. Monday, the court denied Boston Scientific's motion for a new trial and granted Johnson & Johnson's motion for final judgment.
Boston Scientific said it expects the final judgment to be filed Sept. 30, but will appeal the decision. Boston Scientific no longer sells the NIR stent.
WBJ Web Partners
Most Recent
Most Recent
0 Comments