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Violation Tracker Individual Record

Company: Boston Scientific Corp.
Current Parent CompanyBoston Scientific Corp.
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $915,000,000
Year: 2020
Date: February 25, 2020
Offense Group: safety-related offenses
Primary Offense: drug or medical equipment safety violation
Secondary Offense: product safety violation
Mega-ScandalMedical Equipment Hazards
Violation Description: In its 10-K filing for 2018, Boston Scientific reported a $683 million decrease in its legal accrual due to settlement payments relating to multi-district product liability litigation concerning its transvaginal surgical mesh products; in its 10-K for 2019, it reported a $232 million decrease for the same reason. The settlement amounts were not disclosed in court documents.
Level of Government: federal
Action Type: private litigation
Court: Southern District of West Virginia
Civil or Criminal Case: civil
Case ID: 2:12md2326
Case Name: In Re: Boston Scientific Corp. Pelvic Repair System Products Liability Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Massachusetts
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: medical equipment and supplies
Specific Industry of Current Parent: medical devices
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.