J&J Sues Abbott, Boston Scientific For Over $5.5B

Law360, New York (September 26, 2006, 12:00 AM EDT) -- Months after its failed attempt to take over Guidant Corp., Johnson & Johnson is suing for at least $5.5 billion, saying the medical device maker breached their agreement by leaking information on antitrust clearance to rival suitor Boston Scientific Corp.

The lawsuit, filed Monday in U.S. District Court for the Southern District of New York, alleges that Boston Scientific was ultimately successful because the leaked information allowed it and Guidant to divest a significant portion of business to Abbott Laboratories, which made for a shorter and...
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