We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Charges Mount Against Guidant As J&J Deal Sours

Law360 (November 7, 2005, 12:00 AM EST) -- Embattled medical device maker Guidant Corporation can now add a federal investigation to its growing list of financial and legal worries, as the Securities and Exchange Commission has initiated a formal probe into the company’s product disclosures.

Guidant did not reveal any of the details of the investigation, but issued a statement saying that the company intended to fully comply with the SEC.

The investigation comes as Guidant’s financial and legal troubles continue to mount.

The company said Monday that it intended to sue healthcare giant...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.