The Boston Scientific Corporation has agreed to pay $195 million to approximately 4,000 people injured by the Guidant Ventak Prizm 2 Model 1861. The class action settlement was announced after the close of business yesterday and came on the heels of a federal trial that was to begin in 2 weeks. Judge Donovan W. Frank allowed the claims to go forward to trial and even stated that Boston Scientific may be liable for punitive damages as a result of not disclosing to doctors and patients a serious defect in the heart defibrillator. Boston Scientific knew about the defect in 2002 and yet failed to disclose it until mid-2005.
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