Boston Scientific Assumes Burden from Guidant

According to a recently published article in the Wall St. Journal, Boston Scientific now faces approximately 550 lawsuits regarding problems with its implantable heart defibrillators. According to the article, about 72 product-liability class-action suits and about 477 individual suits are pending in various state and federal courts against Guidant, Boston Scientific said in its quarterly report filed with the Securities and Exchange Commission.