Guidant Defibrillators – (2007) $240 million
Written by Andrew Sarski on June 8, 2012
In 2007, Boston Scientific Corporation agreed to pay $240 million to settle 8,550 lawsuits filed on behalf of individuals who were injured while using Guidant defibrillators. According to the class action lawsuit, Boston Scientific allegedly knew about and failed to disclose to patients and doctors a serious defect in the medical devices. The suit alleges that the device maker was aware of the defect in 2002, but didn’t disclose the information until 2005, after which more than 100,000 of the products were recalled by the firm. The $240 million settlement exceeds the $195 million Boston Scientific had agreed to pay earlier that year to settle more than 4,000 personal injury claims.