Medtronic Told to Pay $400 Mln Damages
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A federal jury on Tuesday ordered  Medtronic Inc. MDT.N to pay $400 million in punitive damages  to an inventor of spinal surgical devices sold by the medical  equipment maker.
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A New Jersey found on Monday that Merck & Co. Inc.'s  withdrawn arthritis drug Vioxx was responsible for a plaintiff's heart attack and awarded him $20 million in compensatory damages.
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Medical device maker Medtronic Inc.  said on Friday it has begun warning doctors about some faulty  batteries installed in a line of its implantable heart  defibrillators.
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German microchip giant Infineon Technologies agreed to plead guilty and to pay a 160 million dollar fine for participating in &quot;an international conspiracy to fix prices&quot; US officials said.
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Thousands of patients with failing hearts must decide whether to heed a warning from Medtronic and replace a defibrillator in their chest that has a potentially faulty wire.
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The suit seeks $1 billion in damages and an injunction against further violations.
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Tenet Healthcare Corp. agreed Thursday to pay $31 million to settle 106 individual lawsuits filed after heart surgery patients at Palm Beach Gardens Medical Center developed severe bacterial infections.
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A Memphis jury on Tuesday ordered a Medtronic subsidiary to pay about $110 million plus possible punitive damages in a dispute between the company and the doctor who invented some of its spinal fusion technologies.
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Johnson & Johnson JNJ.N has sued   Boston Scientific BSX.N and Abbott Laboratories Inc. ABT.N,   seeking at least $5.5 billion in damages related to J&J's   failed bid to acquire medical device maker Guidant Corp.
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A Â£4.31m damages claim is launched by a firm which failed to secure the Holyrood construction contract.
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A Washington, D.C., woman has filed a lawsuit seeking $54 million in damages from Best Buy after the electronics retailer lost her laptop computer last year.The lawsuit was filed in D.C. superior court last November but was publicized in media outlets this week. According to plaintiff Raelyn Campbell, Geek Squad technicians at Best Buy&#39;s Tenleytown, D.C., store lost the computer sometime around July 2007, then the company misled her about its whereabouts for a few weeks before finally admitting on Aug. 9 that it had been lost.Best Buy offered Campbell $1,110 and a $500 gift card in compensation, something she calls a &quot;lowball&quot; offer on a blog she has devoted to the issue.According to her, the point of the lawsuit is to publicly embarrass Best Buy into changing its privacy policy in such cases.&quot;To me, the big issue is not the low-balling and bullying tactics, but Best Buy&#39;s systematic disregard for its customers&#39; personal information and potential exposure to identity theft,&quot; she wrote in her blog. &quot;I am hoping the attention that the lawsuit and this website generate might motivate Best Buy and other consumer electronics stores entrusted with products that contain consumers&#39; personal information to adopt thorough procedures and policies to safeguard customers&#39; property and personal information against theft.&quot;Best Buy can&#39;t say much about the issue because it&#39;s still before the court, but the company is working to find out what went wrong, according to company spokeswoman Nissa French.&quot;We&#39;re obviously embarrassed and disappointed that we were unable to resolve this customer&#39;s issue. We&#39;ve tried to resolve this dispute and feel badly that it escalated to a lawsuit,&quot; she said in an e-mail.Campbell could not be reached for comment.On her blog, she admitted that the $54 million in damages she was seeking was an &quot;absurd amount,&quot; but said that she chose such a large sum in order to draw attention to the problem.Laptop thefts are frequently the source of widely publicized data breaches. On Wednesday, Lifeblood, a Memphis, Tennessee, blood collection agency, said it was notifying 320,000 blood donors after two of its laptops went missing. The computers contained personal information including Social Security numbers.The issue of computer retailers and repair shops losing consumer laptops has not gained much attention, but Campbell believes these companies have a &quot;legal and moral obligation&quot; to safeguard confidential information on computers that are entrusted to them.Although Campbell&#39;s situation is an unusual one, it makes sense for Best Buy to take extra steps to protect its customers&#39; privacy by offering ID theft protection services, said Paul Stephens, director of policy and advocacy with Privacy Rights Clearinghouse, a privacy advocacy group that tracks data breaches. &quot;We&#39;re talking about a loss of something that&#39;s been entrusted to them,&quot; he said. &quot;As a bare minimum, they should be doing that.&quot;
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Boston Scientific Corp. has reserved another $101 million to defend itself against lawsuits over defibrillators made by Guidant Corp., the heart-device maker it acquired for $27 billion last year. The Natick medical-device company has set aside $485 million to pay for legal costs related to Guidant, it said in a filing this week, up from $384 million in ...
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A Texas jury has ruled that Boston Scientificâs drug-coated stents infringe a 1997 patent issued to a radiologist and has awarded the inventor $431 million in damages, Boston Scientific said.
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The District has agreed to pay $650,000 to the family of a patient at St. Elizabeths Hospital who gouged out his eyes while under the city's care, officials said yesterday.
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Company offers to exchange defective batteries; 340,000 users could be affected.
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Senator Charles Grassley is raising questions about payments made by medical devices maker Medtronic Inc to spine surgeons, the New York Times reported on its Website on Thursday.
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A division of Primus Telecommunications Group Inc. agreed yesterday to pay $400,000 to the federal government to settle allegations that the McLean phone provider made telemarketing calls in violation of the national do-not-call registry.