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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
06/28/201616:18:02Annual Report of Employee Stock Plans (11-k)
06/14/201608:30:00National Institute for Health and Care Excellence Provides Positive...
06/09/201606:02:44Current Report Filing (8-k)
06/08/201619:30:00Boston Scientific to Restructure Operations
06/08/201618:30:00Boston Scientific Announces Restructuring Program to Support...
06/03/201608:00:09Statement of Changes in Beneficial Ownership (4)
06/03/201607:59:42Statement of Changes in Beneficial Ownership (4)
06/03/201607:58:47Statement of Changes in Beneficial Ownership (4)
05/26/201616:14:43Specialized Disclosure Report (sd)
05/26/201616:13:54Statement of Changes in Beneficial Ownership (4)
05/26/201608:30:00Boston Scientific To Participate In Goldman Sachs 2016 Healthcare...
05/24/201621:10:00Washington, California Sue Johnson & Johnson Over Vaginal Mesh...
05/24/201608:30:00Boston Scientific to Participate in Jefferies 2016 Healthcare...
05/19/201608:30:00Boston Scientific Receives U.S. FDA Approval for Precision Montage™ M...
05/18/201616:08:54Statement of Changes in Beneficial Ownership (4)
05/13/201606:30:00Boston Scientific Announces Schedule of Presentations at EuroPCR...
05/12/201616:15:42Statement of Changes in Beneficial Ownership (4)
05/12/201616:14:51Statement of Changes in Beneficial Ownership (4)
05/09/201617:09:34Statement of Changes in Beneficial Ownership (4)
05/06/201617:38:00Boston Scientific Announces Positive Long-Term Outcomes For S-ICD...

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