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J&J Appeals Court Decision On Stent Dispute With Boston Sci

By Anjali Athavaley Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Johnson & Johnson's (JNJ) Cordis unit last week appealed an earlier court decision that it must pay Boston Scientific more than $40 million over a patent dispute involving stents, according to court filings. A jury had awarded Boston Scientific about $20 million; last month, U.S. Distict Court Judge Sue Robinson wrote that the company should get twice as much, citing "clear and convincing evidence that Cordis's conduct is sufficiently culpable to justify enhancing damages." Boston Scientific filed a patent infringement lawsuit against Cordis with a U.S. District Court in Minnesota in 2009. The case was later transferred to Delaware. The dispute marked one in a series of battles over stent patents between the two companies. Boston Scientific declined to comment. J&J didn't immediately respond to requests for comment. J&J shares fell a fraction to $63.96 in after-hours trading; Boston Scientific is up a fraction to $5.52. Bloomberg reported the ruling earlier. -By Anjali Athavaley, Dow Jones Newswires; 212-416-4912; anjali.athavaley@dowjones.com

Stock News for Boston Scientific (BSX)
DateTimeHeadline
02/10/201610:18:06Amended Statement of Ownership (sc 13g/a)
02/10/201610:08:03Amended Statement of Ownership (sc 13g/a)
02/09/201616:08:22Statement of Changes in Beneficial Ownership (4)
02/08/201619:36:00Boston Scientific Announces Medicare Will Cover WATCHMAN™ Left A...
02/04/201608:30:00Boston Scientific Narrows Loss as Sales Rise
02/04/201606:37:47Current Report Filing (8-k)
02/04/201606:30:00Boston Scientific Announces Results for Fourth Quarter and Full...
01/28/201607:00:00Boston Scientific and Accenture Develop Data-Driven Digital Health...
01/27/201608:30:00Boston Scientific to Participate in Leerink Partners 2016 Healthcare...
01/12/201608:30:00Boston Scientific Launches The LithoVue™ Single-Use Digital F...
01/11/201608:55:05Statement of Changes in Beneficial Ownership (4)
01/11/201608:54:39Statement of Changes in Beneficial Ownership (4)
01/07/201616:43:39Statement of Changes in Beneficial Ownership (4)
01/06/201616:32:47Statement of Changes in Beneficial Ownership (4)
01/06/201616:16:21Statement of Changes in Beneficial Ownership (4)
01/06/201616:16:21Statement of Changes in Beneficial Ownership (4)
01/06/201616:15:02Statement of Changes in Beneficial Ownership (4)
01/06/201616:15:02Statement of Changes in Beneficial Ownership (4)
01/05/201616:12:49Statement of Changes in Beneficial Ownership (4)
01/05/201616:12:49Statement of Changes in Beneficial Ownership (4)

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