Guidant To Pay $296M Penalty In Defibrillator Case

Law360, New York (January 12, 2011, 4:18 PM EST) -- The U.S. Department of Justice has hit Boston Scientific Corp. unit Guidant LLC with $296 million in criminal fines and forfeitures for withholding information from the U.S. Food and Drug Administration about a life-threatening defect in its implantable defibrillators.

Under the terms of Guidant's plea agreement with the U.S. Department of Justice, the company will pay a $254 million fine, forfeit $42 million and be on probation for three years, Judge Donovan W. Frank of the U.S. District Court for the District of Minnesota ruled Wednesday....
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