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

p
'/>"/>

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

Page: 1 2

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:9/22/2014)... ARBOR, Mich. A surprising new study pulls back ... in health care: differences in payment and income between ... who don,t. , Contrary to perception, the research ... to favor surgeons and other procedure-performing doctors. , The ... simple difference in pay per minute explains why doctors ...
(Date:9/22/2014)... Amy Norton HealthDay Reporter ... may fare better when newborn intensive care units (NICU) set ... infants, a new study finds. Researchers at one children,s ... and were less distressed when their NICU switched from the ... findings, published online Sept. 22 in the journal Pediatrics ...
(Date:9/22/2014)... patients undergoing breast cancer surgery require additional operations because ... in the initial operation. However, researchers at Brigham and ... developed that will help surgeons better distinguish cancerous breast ... repeat operations. , The study is ... the Proceedings of the National Academy of Sciences ...
(Date:9/22/2014)... scientists have found that an anticonvulsant drug may help ... Although dozens of antibiotics target what bacteria do, their ... bacteria are created, and they found there is a ... important as there is growing concern worldwide about how ... The World Health Organization has declared that antibiotic resistance ...
(Date:9/22/2014)... September 22, 2014 This Flash Report ... stakeholder management needs for the Prostate Cancer market. , ... on stakeholder strategies for any launching Prostate Cancer product:, ... differentiation within an increasingly crowded market , ... impact of identifying community-based thought leaders and stakeholders ...
Breaking Medicine News(10 mins):Health News:Think the system for paying US doctors is rigged to favor surgeons? Study may surprise you 2Health News:Think the system for paying US doctors is rigged to favor surgeons? Study may surprise you 3Health News:Think the system for paying US doctors is rigged to favor surgeons? Study may surprise you 4Health News:Newborn ICUs With Private Family Rooms Benefit Preemies: Study 2Health News:Newborn ICUs With Private Family Rooms Benefit Preemies: Study 3Health News:The fine line between breast cancer and normal tissues 2Health News:Download HeartBeat Experts White Paper: Stakeholder Management for new Prostate Cancer Products 2
... protein previously thought not to exist in adult human lungs ... scientists have found, but it also has a major role ... cancers. The protein, called the calcium-sensing receptor, sits on ... known as squamous-cell carcinomas, according to new research. As ...
... new source of stem cells A team ... Institute for Biological Studies, La Jolla, has generated data in ... tissue in the smell-sensing region of the human nose (human ... cells to treat brain disorders in which nerve cells are ...
... couples is affected by wives, inability to fall asleep at ... that will be presented Monday, June 13, in Minneapolis, Minn., ... Professional Sleep Societies LLC (APSS). Results show ... predicted their reports of more negative and less positive marital ...
... studied controversial aspects of Medicare spending and quality ... from the nation,s largest health services research professional ... 2011 Article of the Year Award to Jeffrey ... for Outcomes Research at The Children,s Hospital of ...
... MONDAY, June 13 (HealthDay News) -- Breast-feeding appears to reduce ... especially when babies are exclusively breast-fed, a new study suggests. ... infants, and studies have shown breast-feeding aids babies, development and ... mothers. Now, there is more evidence that breast-feeding may reduce ...
... about the signs and symptoms of drug impairment among ... Houston State University (SHSU) June 14. The free, six-hour ... Sept. 1, 2011., The program, funded by the Texas ... including human resources personnel, owners and executive staff. The ...
Cached Medicine News:Health News:Scientists identify key component in lethal lung cancer complication 2Health News:Scientists identify key component in lethal lung cancer complication 3Health News:Scientists identify key component in lethal lung cancer complication 4Health News:JCI online early table of contents: June 13, 2011 2Health News:JCI online early table of contents: June 13, 2011 3Health News:JCI online early table of contents: June 13, 2011 4Health News:JCI online early table of contents: June 13, 2011 5Health News:JCI online early table of contents: June 13, 2011 6Health News:JCI online early table of contents: June 13, 2011 7Health News:JCI online early table of contents: June 13, 2011 8Health News:JCI online early table of contents: June 13, 2011 9Health News:JCI online early table of contents: June 13, 2011 10Health News:Study finds that wives' sleep problems have negative impact on marital interactions 2Health News:Hospital outcomes research named 'Article of the Year' 2Health News:Hospital outcomes research named 'Article of the Year' 3Health News:Breast-feeding May Shield Against Sudden Infant Death Syndrome 2Health News:Breast-feeding May Shield Against Sudden Infant Death Syndrome 3Health News:Drug recognition program available for Texas employers 2
(Date:9/22/2014)... China Nepstar Chain Drugstore Ltd. (NYSE: NPD ... China based on the number of directly ... General Meeting of Shareholders (the "AGM") on October 22, 2014 at ... meeting room of the Company at 6th Floor, Tower B, Xinnengyuan ... Guangdong Province 518054, People,s Republic of ...
(Date:9/19/2014)... , Sept. 19, 2014 Medical ... forging relationships with key opinion leaders (KOLs) who ... competition. Despite the critical nature of the MSL ... challenges, including altering the landscape for creating and ... According to research, the oversight responsibility for the ...
(Date:9/19/2014)... N.C. , Sept. 19, 2014 A ... Best Practices, LLC with three issues he wanted the ... The use of external personnel (especially for secondary research) ... in the face of increased workload , Automation ... better knowledge management , How to implement and ...
Breaking Medicine Technology:China Nepstar Chain Drugstore Schedules Annual General Meeting of Shareholders for October 22, 2014 2Role of Medical Science Liaisons Shifting in Healthcare Industry 2In Era of Competing Needs, Market Research Groups Under Pressure to Utilize Automation and External Staffing 2
... world-leading developer and marketer of innovative medical technologies for ... Bradford (Brad) Barton as President, ConvaTec U.S.   ... the ConvaTec U.S. organization across the company,s three core ... and Critical Care.   Barton joined ConvaTec ...
... SPRING, Md., Nov. 9, 2010 The U.S. Food ... undergoing computed tomography (CT) brain perfusion scans were accidently ... properly used, the CT scanners did not malfunction. Instead, ... scanners resulted in these overdoses. However, the FDA has ...
Cached Medicine Technology:Bradford Barton Named President, ConvaTec U.S. 2FDA Working to Prevent Radiation Overdoses During CT Scans 2FDA Working to Prevent Radiation Overdoses During CT Scans 3
Fixed smooth rod which slides on skin. Designated most popular model or size....
Grooved roller, on which knife oscillates....
Disposable. For use with the N4086....
30 mm button end blade. Flat handle....
Medicine Products: