Scott & Scott LLC Announces Class Action Lawsuit Against Boston Scientific Corp.

Scott & Scott LLC, a Connecticut-based law firm, has commenced a class action lawsuit against Boston Scientific Corp. (NYSE:BSX) on behalf of all purchasers of the company's stock during a specific period in 1998. The lawsuit alleges that Boston Scientific Corp. engaged in accounting irregularities, resulting in improper revenue recognition. The firm also represents shareholders who purchased or acquired shares in several other companies during similar time periods.

Key Takeaways:

• The lawsuit against Boston Scientific Corp. was initiated by Scott & Scott LLC on behalf of all purchasers of the company's stock from January 15, 1998, to November 3, 1998.
• The complaint alleges that Boston Scientific Corp. improperly recognized revenue due to accounting irregularities.
• Scott & Scott LLC represents shareholders who purchased or acquired shares in six other companies during specific time periods, including BankAmerica Corp., FirstPlus Financial Group, HealthSouth Corp., Ziff-Davis, and Zapata Corp.
• The firm has a significant boutique practice in antitrust, securities, and other complex litigation, representing individuals, companies, and other entities.
• Scott & Scott LLC prides itself on its dedication to client satisfaction and communication and regularly collaborates with other firms on major litigation.

Statistics:

• The class action lawsuit was initiated on November 16, 1998.
• The period of alleged improper revenue recognition spanned from January 15, 1998, to November 3, 1998.
• The companies involved in the lawsuit, besides Boston Scientific Corp., include BankAmerica Corp., FirstPlus Financial Group, HealthSouth Corp., Ziff-Davis, and Zapata Corp.
• The law firm of Hoffman & Edelson is also involved in the lawsuit, with attorneys Marc H. Edelson Esq. and Jerold Hoffman Esq. available to discuss matters further.

Sources:

• BUSINESS WIRE, Nov. 16, 1998