St. Jude Qui Tam Cases Spawn Derivative Suit

Law360, New York (September 22, 2010, 6:32 PM EDT) -- St. Jude Medical Inc.'s board of directors has been slapped with a shareholder derivative suit accusing it of failing to take action to cure the alleged misconduct at issue in two False Claims Act suits against the medical device maker.

The Louisiana Municipal Police Employees' Retirement System filed its complaint in the U.S. District Court for the District of Minnesota on Tuesday.

The suit names chairman Daniel J. Starks — who is also St. Jude's president and CEO — as well the other seven board members...
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