Medtronic Seeks Dismissal Of InFuse Securities Case

Law360, New York (October 6, 2009, 12:20 PM EDT) -- Medtronic Inc. has asked a judge to dismiss a putative securities class action related to the off-label use of its InFuse spinal graft product, arguing that the mere disclosure that the medical device maker received a subpoena regarding its practices is not enough to show that fraud caused a drop in stock prices.

In a motion filed Monday in the U.S. District Court for the District of Minnesota, Medtronic said the plaintiffs' claims had a number of other defects, including that off-label use of InFuse is...
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