Boston Scientific will pay $74 million to settle a 6-year-old criminal investigation by the U.S. Justice Department regarding the company's 1998 voluntary recall of a stent system it no longer manufactures. Boston Scientific did not admit wrongdoing. The government accused the company of shipping "adulterated and misbranded medical devices" to hospitals from Aug. 12, 1998, until Oct. 5, 1998. In a news release, the company said, "We believe that Boston Scientific and its employees acted legally, responsibly and appropriately at all times. We elected to settle this lingering matter so we could put it behind us." -- by Cinda Becker
Boston Scientific to pay $74 million to settle device suit
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