Boston Scientific to end suit, pay $195m
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Boston Scientific Corp. will pay $195 million to settle a class-action suit against its Guidant division, ending a legal battle in which patients claimed Guidant Corp. knowingly hid defects in its implantable heart devices.
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Medinol and former partner Boston Scientific Corp. (BSC) both responded positively over the weekend to a US court decision that the two former partners should go to trial to solve a case which could involve as much as $1.5 billion in payments for damages.
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IBM Corp. and plaintiffs challenging the legality of its pension plan agreed to a deal Wednesday that settles most claims and caps the company's potential liability at &#36;1.7 billion. The company previously had estimated that a settlement could cost up to &#36;6.5 billion.
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Tenet Healthcare said Tuesday that it would pay $395 million to settle litigation with patients claiming that one of its hospitals performed unnecessary heart operations.
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International Business Machines Corp., the world&#39;s largest computer maker, said it will pay at least $300 million to settle part of a lawsuit that claimed the company&#39;s pension plan discriminated against older workers.
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Walloped by charges, Boston Scientific posts a loss for the quarter.
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Four of the nationâs biggest makers of artificial joints will pay a total of $310 million in fines to settle accusations that they paid kickbacks to surgeons.
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IBM Corp. said Wednesday it has agreed to pay $320 million in retirement benefits to settle part of a class-action lawsuit and another $1.
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Microsoft will pay as much as $500 million as a part of settlement of the antitrust lawsuit that may be filed by rival software maker Novell, the company said Monday, within an attempt to end its antitrust fight.
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Boston Scientific Corp. , the medical device maker, eliminated 55 jobs in Marlborough last month, according to the state Executive Office of Labor and Workforce Development. Company spokesman Paul Donovan said the Natick firm made the cuts after deciding to pull the plug on its Endovations program, an effort to develop a new single-use endoscope with an integrated ...
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Boston Scientific Corp. , the state's largest life-science company, lost $3.6 billion last year thanks to its expensive acquisition of heart-device maker Guidant Corp. , and executives said yesterday they weren't certain when sales of its most important products would begin to recover from their slump.
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The founder of the HealthSouth Corporation will pay the company $31 million as part of a settlement of litigation over his bonuses and legal fees.
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IBM said Wednesday that it had agreed to pay $320 million to current and former employees to settle in part a class-action lawsuit over its pension plan in a case that may affect millions of workers at many companies and nonprofit organizations.
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IBM has said that it has agreed to pay $320 million to current and former employees to settle in part a class-action lawsuit over its pension plan in a case that may affect millions of workers at many companies and nonprofit organizations.
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International Business Machines Corp. has settled portions of an ongoing lawsuit related to pensions, and will take a charge of $320 million in the current quarter, the technology company said on Wednesday.
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IBM Corp. and plaintiffs challenging the legality of its pension plan agreed to a deal Wednesday that settles most claims and caps the company's potential liability at &#36;1.7 billion. The company previously had estimated a settlement could cost as much as &#36;6.5 billion.
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The pharmaceutical's settlement ends a government probe.