Success of Guidant lawsuit against Johnson & Johnson depends on definition of murky legal term:

The fate of Guidant Corp.'s lawsuit against Johnson & Johnson depends on how a judge or jury defines a legal term that escapes easy definition. The suit, filed Nov. 7 in federal court in New York, challenges J&J's contention that it doesn't have to complete its $25.4 billion Guidant purchase because the Indianapolis company has suffered a "material adverse effect" from product defects and recalls, among other troubles. The term "material adverse effect" is a bit of a head-scratcher among...

 

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