Medtech Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Guidant shareholder suit dismissed

This article was originally published in The Gray Sheet

Executive Summary

United States District Court in Indianapolis dismisses March 27 a shareholder class action suit against cardiac device maker Guidant alleging breach of fiduciary duties and failure to disclose material information prior to a series of merger negotiations that culminated in Guidant's acquisition by Boston Scientific in 2006. What the plaintiffs called a "bidding fiasco" took place amid high-profile recalls of certain Guidant pacemakers and implantable defibrillators (1"The Gray Sheet" July 24, 2006, p. 10). District Judge Sarah Evans Barker, who issued the ruling, also dismissed in February securities class action proceedings against the company. Plaintiffs in both actions retain the right to appeal
Advertisement
Advertisement
Advertisement
UsernamePublicRestriction

Register

MT025968

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel