AGs Strike $16M Deal In Guidant Defibrillator Case

Law360, New York (August 30, 2007, 12:00 AM EDT) -- Guidant Corp. on Thursday agreed to shell out $16.75 million to bury a lawsuit filed by 36 state attorneys general who accused the medical device maker of continuing to sell implantable heart defibrillators even after it discovered they were prone to short circuiting.

Although Guidant did not admit to any wrongdoing, it also agreed to set up a patient safety advisory board and make announcements about the failure and survival estimates of its products four times a year, among other changes it promised to make....
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