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Guidant kept selling defibrillator after defective-product lawsuit filed.

Publication: Knight-Ridder Tribune Business News
Publication Date: 03-JUN-05
Format: Online - approximately 607 words
Delivery: Immediate Online Access

Article Excerpt
Byline: Jim McCartney

Jun. 3--The fallout from Guidant Corp.'s handling of its potentially defective Prizm 2 defibrillator intensified Thursday. Even as Guidant was being sued by a patient for allegedly selling a defective product, the company acknowledged that it kept selling the old devices after the corrected version was available.

"I don't understand why they continued to sell them -- it must be a flaw in their decision-making process," said Jan Wald, a securities analyst at A.G. Edwards.

Wald said that when he was working for Guidant, his former employer...

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