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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
07/23/201507:10:17Current Report Filing (8-k)
07/23/201507:00:00Boston Scientific Announces Results For Second Quarter 2015
07/20/201509:00:00Boston Scientific Initiates Study Evaluating New Fully Resorbable...
07/16/201516:09:04Initial Statement of Beneficial Ownership (3)
07/15/201509:14:05Current Report Filing (8-k)
07/15/201508:30:00Boston Scientific Elects Donna A. James To Board Of Directors
07/09/201509:00:00Boston Scientific Bronchial Thermoplasty Treatment Recognized...
07/07/201516:09:53Statement of Changes in Beneficial Ownership (4)
07/06/201516:34:07Statement of Changes in Beneficial Ownership (4)
07/06/201516:33:41Statement of Changes in Beneficial Ownership (4)
07/06/201516:33:41Statement of Changes in Beneficial Ownership (4)
07/06/201516:19:30Statement of Changes in Beneficial Ownership (4)
07/01/201508:30:00Boston Scientific To Webcast Second Quarter 2015 Earnings Call...
06/29/201516:55:38Annual Report of Employee Stock Plans (11-k)
06/23/201510:12:00Boston Scientific's EMBLEM™ S-ICD System Named Most Innovative P...
06/22/201509:00:00Boston Scientific Initiates Global Study To Assess EMBLEM™ S...
06/10/201509:00:00New Data Demonstrate Greater Pain Relief With Boston Scientific...
06/04/201509:00:00Boston Scientific Launches The Precision Novi™ Spinal Cord S...
06/04/201509:00:00Boston Scientific Launches The Precision Novi™ Spinal Cord S...
06/01/201516:10:25Statement of Changes in Beneficial Ownership (4)

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