Johnson & Johnson Wants $5 Billion From Boston Scientific Corporation For Guidant Corporation Jilting

Nearly a decade after losing a bidding war for device maker Guidant to Boston Scientific (NYSE:BSX), Johnson & Johnson (NYSE:JNJ) finally has a chance for payback at a multibillion-dollar trial set to begin tomorrow.

A federal judge in New York will hear the case without a jury and decide whether Guidant, through its successor Boston Scientific, should be held liable for breaching a contract with J&J.

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