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Abbott Unit Aims To Settle Investor Suit

 
• By Elizabeth Orr

Thoratec has agreed with plaintiffs to pay $12m to settle a lawsuit alleging the company hid negative information about the company’s heart pump, thus keeping share prices artificially high. A hearing is scheduled on the settlement for next month.

businessman and businesswoman are shaking hands and exchanging folder after agreement was reached

Thoratec Corp. is willing to pay $11.9m to settle a class action suit claiming the company defrauded investors, court records show.

The class-action case, which was initially filed by investor Bradley Cooper in 2014, covers all those who bought or otherwise acquired Thoratec stock between May 11, 2011, and Aug. 6,...

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State And International Enforcement Agencies May Step Up Amid Uncertain Federal Environment

 
• By Elizabeth Orr

States and international regulatory bodies may increase their US enforcement role following federal staff cuts, Hyman Phelps & McNamara attorneys said in a recent webinar. The attorneys also expect False Claims Act enforcement and public health to remain key areas of focus at the federal level.

FDA And Boston Scientific Face Legal Action Over Spinal Device Safety

 
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More from Policy & Regulation

Zika Virus Test Among 4 New FDA Device Classifications

 
• By Elizabeth Orr

The FDA plans to announce class II status for four new device types, including tests for the Zika virus and genetic condition Fragile X. This follows earlier announcements and highlights a trend toward diagnostic classifications. The classifications are considered deregulatory, meaning they will hel

FDA Draft Guidance Introduces Electric Submission For Q-Sub Process

 
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