Suit Against Boston Scientific Officers Dismissed
The suit was filed in the wake of a case between Boston Scientific and Israeli medical technology firm Medinol Ltd., which ultimately settled for $750 million in September 2005.
The shareholders alleged that they had incurred losses because Boston Scientific's directors did not sue their own officers over their role in the dispute, and that this had been a breach of their fiduciary duties.
Judge Alvin Hellerstein,...
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