Boston Scientific Beats Investor Suit Over Bad Defibrillators

Law360, New York (September 26, 2011, 7:17 PM EDT) -- A Massachusetts federal judge threw out a shareholder derivative suit Monday alleging Boston Scientific Corp.'s board of directors acted recklessly by approving the sale of defective defibrillators, resulting in millions of dollars in losses for the company.

In a short, one-page order, U.S. District Judge William G. Young adopted U.S. Magistrate Judge Leo T. Sorokin's recommendation that shareholder Rick Barrington's complaint be dismissed for failing to sufficiently allege wrongdoing on the part of the company's executives.

"The company appears to have made reasonable efforts to eliminate...
To view the full article, register now.