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Violation Tracker Individual Record

Company: Boston Scientific Corporation
Current Parent Company: Boston Scientific Corp.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $7,040,000
Year: 2003
Date: March 31, 2003
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: consumer protection violation
Violation Description: A federal judge fined Boston Scientific Corporation more than $7 million for violating an FTC order that was designed to preserve competition in the medical device market.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
Civil or Criminal Case: civil
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
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.