CORRECTED: Boston Scientific, Radiologist Settle Stent Patent Suit

Law360, New York (March 23, 2009, 12:00 AM EDT) -- Boston Scientific has agreed to settle all outstanding litigation with a New Jersey radiologist, putting to rest a three-year-long patent dispute over stent products. In connection with that settlement, the company expects to record a pretax charge to earnings of $50 million in the first quarter of 2009, it said.

(Corrects an article published on March 23.)

The settlement will dismiss Boston Scientific's appeal of a $501 million award in 2008 to Dr. Bruce Saffran, as well as a separate complaint filed by Saffran seeking additional...
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