Guidant's $296M Plea Deal In Defibrillator Case Rejected

Law360, New York (April 27, 2010, 4:21 PM EDT) -- A federal judge decided Tuesday that Boston Scientific Corp. unit Guidant LLC's guilty plea and its plan to pay a $296 million penalty do not go far enough to hold the company accountable for charges it concealed safety problems with two of its cardiac defibrillators.

Judge Donovan W. Frank of the U.S. District Court for the District of Minnesota rejected Guidant's plea agreement, finding the public would be better served if the device maker underwent probation, and admonishing the government to explain its intentions for millions...
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