Boston Scientific Owes $308M After Defibrillator Deal Trial
By Michael Lipkin (September 24, 2014, 11:03 PM EDT) -- A Maryland jury has awarded Mirowski Family Ventures LLC $308 million in its breach of contract suit against Boston Scientific Corp. over the companies' licensing deal for implantable cardioverter defibrillator patents, Boston Scientific disclosed in a regulatory filing Wednesday.
The jury found Boston Scientific owed Mirowski about $86 million in unpaid royalties for ICDs sold in 2002 and 2003, and another $222 million for financial harm to Mirowski after the medical device manufacturer allegedly agreed to help Mirowski sue patent infringers but instead struck a secret deal to settle six suits against St. Jude Medical Inc. in exchange for St. Judge...
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