Navigation Links
Plaintiffs Obtain $240 Million Amended Settlement In Guidant Defibrillators Products Liability Litigation
Date:11/19/2007

- $45 Million More Than Original Agreement -

- Relief for Up To 8,550 Patient Plaintiffs -

MINNEAPOLIS, Nov. 19 /PRNewswire/ -- Co-Lead Counsel for the Plaintiffs' Steering Committee in the Guidant Medical Device Litigation announced today that an amended settlement agreement has been obtained on behalf of 8,550 patient plaintiffs who asserted claims against Guidant Corporation, Boston Scientific Corporation and other entities (hereinafter collectively, "Defendants"). The plaintiffs had claimed that Defendants knowingly sold them inherently defective defibrillator devices with potential life-threatening defects over a period of three years.

The amended settlement expands a prior agreement obtained in July 2007, which had provided for a recovery of $195 million to settle over 5,600 claims. After additional injured patients stepped forward, the agreement was amended to provide up to $240 million in compensation. The successful settlement mediation sessions were conducted before U.S. Magistrate Judge Arthur J. Boylan in Minneapolis over a 15-month period.

Charles S. Zimmerman, co-lead attorney for the Plaintiffs' Steering Committee, stated, "This amended agreement is great news for the patient plaintiffs and will provide them and their families with substantial relief. Beyond this, the settlement serves the public good by highlighting that transparency and full and proper disclosure are paramount to the public and to those regulatory bodies entrusted to protect the public's interests, particularly in the areas of public health and safety. It also highlights the need for continued and stronger regulatory oversight of companies that are in the business of manufacturing and selling life-saving devices to consumers. We believe that with these results, the settlement truly benefits all parties."

Press Contact:

Peter Hill

Kekst and Company

212-521-4800

peter-hill@kekst.com


'/>"/>
SOURCE The Guidant's Plaintiffs' Steering Committee
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. United Animal Nations Offers Financial Assistance Grants of up to $500 to Help Southern California Fire Victims Obtain Vet Care, Temporary Boarding for Pets
2. HHS Announces $75 Million in Supplemental Funding to States for Pandemic Flu Preparedness
3. AUDIO from Medialink and Pfizer: Number of Uninsured Americans Grows to 47 Million
4. Majority of 2.4 Million U.S. Children With ADHD Not Diagnosed or Consistently Treated, According to New Gold Standard Study by Cincinnati Childrens Researchers
5. 1.5 million children could be saved
6. The Philadelphia Walk Now for Autism Expected to Draw 10,000 Walkers and Raise $1 Million to Help Find Answers About the Nations Fastest-Growing Developmental Disorder
7. UVa researcher awarded $3.6 million grant to fight drug-resistant bacteria
8. EaglePicher Corporation Completes Transaction to Sell EaglePicher Boron, LLC to Ceradyne, Inc. for $69 Million
9. R. P. Simmons Family Foundation Pledges $2 Million for New Childrens Hospital of Pittsburgh of UPMC Campus
10. £5 million investment in personalized medicines to cut patient deaths
11. Keane Wins $1 Million Electronic Medical Record (EMR) Implementation at New Jersey-Based Acute Care Facility
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... June 26, 2016 , ... PawPaws brand pet supplements ... that was developed to enhance the health of felines. The formula is all-natural and ... main herbs in the PawPaws Cat Kidney Support Supplement Soft Chews are ...
(Date:6/26/2016)... Birmingham, Lake Orion, Clarkston, Michigan (PRWEB) , ... ... ... their direction with respect to fertility once they have been diagnosed with endometriosis. ... for tolerable intercourse but they also require a comprehensive approach that can help ...
(Date:6/25/2016)... ... 2016 , ... Austin residents seeking Mohs surgery services, can now turn to ... Dr. Russell Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to ... fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of ...
(Date:6/25/2016)... Aliso Viejo, California (PRWEB) , ... June 25, 2016 , ... ... preset to fit their specific project," said Christina Austin - CEO of Pixel Film ... all fully customizable and all within Final Cut Pro X . Simply select ...
(Date:6/25/2016)... ... , ... As a lifelong Southern Californian, Dr. Omkar Marathe earned his Bachelors ... Geffen School of Medicine at UCLA. He trained in Internal Medicine at Scripps Green ... hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had the opportunity to train ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016 Research ... World Market for Companion Diagnostic Tests" report to their ... Market for Companion Diagnostics The World Market ... and personalized medicine diagnostics. Market analysis in the report includes ... Test Market (In Vitro Diagnostic Kits) by Region (N. America, ...
(Date:6/23/2016)...  MedSource announced today that it has selected ... of choice.  This latest decision demonstrates MedSource,s commitment ... clients by offering a state-of-the-art electronic data capture ... as the EDC platform of choice in exchange ... has long been a preferred EDC platform by ...
(Date:6/23/2016)... -- Roche (SIX: RO, ROG; OTCQX: RHHBY) announced that ... PCT (procalcitonin) assay as a dedicated testing solution for ... clearance, Roche is the first IVD company in the ... risk assessment and management. PCT is a ... in blood can aid clinicians in assessing the risk ...
Breaking Medicine Technology: