SECURITIES FRAUD CASE FIRST FILED BY SCOTT + SCOTT, LLC AGAINST GUIDANT GIVES MARKET A SHOCK

Scott + Scott, LLC clients and shareholders watched Guidant Corporation stock tumble more than 11% as Johnson & Johnson indicated it was exploring the terms of its approaching purchase of the defibrillator manufacturer. Scott + Scott filed the first securities case in the country against Guidant in the United States District Court for the Southern District of Indiana on June 24, 2005 due to its alleged medical device equipment failure and significantly belated notification to physicians (case number 1:05-cv-0951-JDT-TAB).
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