Boston Scientific Settles Merger Fight

Law360, New York (January 10, 2008, 12:00 AM EST) -- The court order enjoining Boston Scientific Corp. from firing subsidiary Advanced Bionics Corp.'s co-CEOs should be vacated, the medical device companies have agreed, abandoning an earlier merger agreement.

The companies disclosed the agreement in a stipulation filed on Wednesday in the U.S. District Court for the Southern District of New York. Further details of the settlement were not immediately available.

“The former shareholders of Advanced Bionics are pleased that the dispute was ultimately resolved and look forward to carrying on the important business of Advanced Bionics,”...
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