Judge OKs Doubling Of May 2011 Jury Award Vs J&J's Cordis -Bloomberg

Date : 04/16/2012 @ 3:38PM
Source : Dow Jones News
Stock : Boston Scientific Corp. (BSX)
Quote : 27.73  0.0 (0.00%) @ 8:07AM

Judge OKs Doubling Of May 2011 Jury Award Vs J&J's Cordis -Bloomberg

Johnson & Johnson (NYSE:JNJ)
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A federal judge ruled last month that Johnson & Johnson (JNJ) unit Cordis Corp. owes more than $40 million to Boston Scientific Corp. (BSX) for infringing a patent for coronary stents, Bloomberg News reported Monday.

Boston Scientific was awarded $20 million in a jury trial in May 2011, but U.S. District Judge Sue Robinson said in a March 13 opinion that Cordis owed it twice as much, according to Bloomberg.

Cordis filed an appeal April 10, Bloomberg reported, citing court records.

Full story at http://www.bloomberg.com/news/2012-04-16/j-j-must-pay-40-million-to-boston-scientific-judge-says.html

-Dow Jones Newswires; 212-416-2900

 
 

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