Suit Against Boston Scientific Officers Dismissed

Law360, New York (June 13, 2007, 12:00 AM EDT) -- A judge on Wednesday dismissed a derivative shareholder lawsuit against individual directors of medical equipment maker Boston Scientific Corp.

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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