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Boston Scientific settles $7.2B lawsuit brought by Johnson & Johnson for $600M

2015-02-17 23:35:53| Biotech - Topix.net

Boston Scientific Corp. has settled a lawsuit in which competitor Johnson & Johnson sought $7.2 billion in damages for $600 million. Shares of the Marlborough-based medical device giant were up 8 percent in after hour trading on the news, which brings closure to litigation which has been hanging over its head since its 2006 acquisition of Guidant .

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Boston Scientific settles J&J lawsuit over Guidant

2015-02-17 23:34:46| Food - Topix.net

J&J had tried to acquire Guidant in 2004, but that deal later was nixed when J&J lowered its bid and Boston Scientific followed up with a higher offer. J&J had sued when Guidant allowed due diligence to be done on a portion of its business during negotiations, which J&J contended was a violation of its merger pact.

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PG&E settles lawsuit over botched demolition

2015-01-28 04:01:19| Energy - Topix.net

Pacific Gas & Electric has settled a lawsuit filed by a Bakersfield man who was badly injured during the botched demolition of a power plant. Jerry Wood sued PG&E after he and four others were hit by flying shrapnel during the August 2013 implosion of an old plant in Bakersfield.

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Anheuser-Busch settles lawsuit over Kirin marketing

2015-01-06 16:16:00| Daily beverage news and comment - from just-drinks.com

The US arm of Anheuser-Busch InBev has reached a settlement with plaintiffs over a lawsuit in the country that accused the brewer of deception over the origin of Kirin beer.

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Nissan settles class-action lawsuit claiming faulty brakes

2014-12-09 20:01:03| Automakers - Topix.net

Nissan North America has agreed to reimburse customers between $20 and $800 each to resolve a lawsuit alleging that defects in certain vehicles caused brakes to fail suddenly, according to court papers. The settlement agreement, filed on Dec. 5, would affect current or former owners of approximately 350,000 vehicles nationwide.

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