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| BSX > SEC Filings for BSX > Form 8-K on 2-Oct-2009 | All Recent SEC Filings |
2-Oct-2009
Other Events
On September 29, 2009, the Company announced the settlement of more than a dozen lawsuits involving Johnson & Johnson, including the Palmaz-NIR suit. All the disputes involved intellectual property in the interventional cardiology arena. In connection with the settlement, the Company will make a payment of $716 million to Johnson & Johnson. The settlement payment is within the Company's existing reserve for the Palmaz-NIR suit and will be made from existing cash on hand.
The settlement includes cross licenses for all the patents in the suits, other than the Palmaz patent, which has expired.
A copy of the September 29, 2009 press release is filed as Exhibit 99.1.
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