Baxter Execs Beat Investor Suit Over $588M Pump Recall

Law360, New York (September 19, 2012, 10:12 PM EDT) -- An Illinois federal judge tossed a shareholder derivative suit Wednesday accusing the directors and officers of Baxter International Inc. of not correcting problems with its infusion pumps that eventually faced a recall that cost the health care company $588 million.

U.S. District Judge John J. Tharp Jr. granted the defendants' motion to dismiss, saying lead plaintiff Westmoreland County Employee Retirement System had not sufficiently shown that the board had not made good faith efforts to address the problems caused by the pump and that its own...
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