Summary
Boston Scientific Corporation (BSX) has entered into a civil settlement with the U.S. Department of Justice concerning an investigation into post-market surveys conducted by Guidant Corporation prior to Boston Scientific's acquisition of Guidant in 2006. This filing, an 8-K, serves to formally announce this settlement, which has been a known matter previously disclosed by the company. While the details of the settlement amount or specific terms are not provided in this particular 8-K filing, the resolution of this investigation is a significant development. Investors should note that this pertains to a historical issue inherited from the Guidant acquisition and represents a step towards closing this chapter. Further information regarding the settlement terms is expected to be available through the press release attached as an exhibit.
Key Highlights
- 1Boston Scientific Corp. (BSX) has reached a civil settlement with the U.S. Department of Justice.
- 2The settlement resolves an investigation into post-market surveys conducted by Guidant Corporation.
- 3Guidant Corporation was acquired by Boston Scientific in 2006.
- 4The investigation was previously disclosed by Boston Scientific.
- 5The company has issued a press release dated December 23, 2009, detailing the event.
- 6This filing confirms the resolution of a known legal matter.
- 7The specific financial terms of the settlement are not disclosed in this 8-K filing.