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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
08/26/201508:30:00Boston Scientific To Participate In The 2015 Wells Fargo Healthcare...
08/24/201516:30:00Boston Scientific Announces CE Mark For MRI Compatible Labeling...
08/24/201516:07:02Statement of Changes in Beneficial Ownership (4)
08/20/201516:07:16Statement of Changes in Beneficial Ownership (4)
08/19/201516:45:00Boston Scientific Announces FDA Approval of Innova™ Vascular S...
08/18/201516:07:59Statement of Changes in Beneficial Ownership (4)
08/11/201516:08:24Statement of Changes in Beneficial Ownership (4)
08/06/201516:16:15Quarterly Report (10-q)
08/04/201516:04:57Statement of Changes in Beneficial Ownership (4)
08/04/201509:13:19Current Report Filing (8-k)
08/04/201507:00:00Endo Completes Divestiture of American Medical Systems' Men's...
08/04/201507:00:00Boston Scientific Closes Acquisition Of The American Medical...
08/04/201507:00:00Endo Completes Divestiture of American Medical Systems' Men's...
08/03/201517:08:00Boston Scientific Announces Equity Investment And Sales Cooperation...
08/03/201516:30:00Boston Scientific Announces Equity Investment And Sales Cooperation...
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)

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