Boston Scientific Offers Medinol $600 Million Compensation

The Yediot Ahronot Hebrew daily reports that negotiations to settle the bitter dispute between Israel stent manufacturer Medinol, owned by Kobi and Judith Richter, and U.S. company Boston Scientific, Medinol's former partner, have reached an advanced stage. The parties are attempting to reach a compromise that will include a large compensation payment to Medinol from Boston Scientific in exchange for the withdrawal of all of Medinol's claims against Boston Scientific. Medinol is suing Boston Scientific in seven different countries. The parties have been negotiating through various intermediaries for several weeks. Boston Scientific has offered Medinol $600 million in compensation on its own initiative.

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