Medtronic Probed Over Trade Agreements Act Compliance

Law360, New York (June 26, 2013, 12:06 PM EDT) -- Minnesota-based Medtronic Inc. on Monday disclosed that federal authorities have inquired about the medical device maker's compliance with the Trade Agreements Act, which requires government contractors to certify that products sold to the U.S. come from designated countries.

Medtronic received a letter May 6 from the U.S. Attorney's Office for the District of Minnesota “requesting information relating to the company's compliance with the Trade Agreements Act,” according to a filing with the U.S. Securities and Exchange Commission.

Medtronic said it is “fully cooperating with the inquiry."...
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