February 17, 2015
Boston Scientific Corp. announced Tuesday it would pay Johnson & Johnson $600 million to settle claims that acquisition target Guidant Corp. breached a contract by scuttling a proposed $21.5 billion merger with J&J, the deal coming before a judge could rule in the case's concluded bench trial.
January 21, 2015
Johnson & Johnson on Wednesday made its closing arguments in a bench trial over claims that onetime acquisition target Guidant Corp. breached a contract by scuttling a proposed $21.5 billion merger in 2006, saying Guidant ran afoul of the deal by providing due diligence to a third party.
December 15, 2014
A Skadden Arps Slate Meagher & Flom LLP partner took the stand in New York federal court Monday, saying former client Guidant Corp. didn't breach a $21.5 billion merger agreement with Johnson & Johnson by providing due diligence to a third party in connection with a competing offer.
November 20, 2014
Guidant Corp. "cheated" by scuttling a $21.5 billion merger agreement with Johnson & Johnson and hooking up with rival Boston Scientific Corp., a lawyer for J&J said in New York federal court Thursday at the start of trial.
July 08, 2014
A New York federal court on Tuesday denied Guidant Corp.'s motion for summary judgment in a Johnson & Johnson suit alleging it breached a contract by scuttling a proposed $21.5 billion merger in 2006, allowing the case to move forward for now.
July 25, 2012
Guidant Corp. urged a New York federal judge Wednesday to nix Johnson & Johnson's suit alleging it breached a contract by scuttling a proposed $21.5 billion merger in 2006, saying J&J couldn't sue because it failed to give notice of the supposed breach.