Law360, New York (February 05, 2007, 12:00 AM ET) -- A federal court in Minnesota has dismissed a class action suit brought against a medical device maker by shareholders that claimed the company covered up news that its marquee product, a catheter for removing blood clots, hadn’t performed as well as expected in a clinical trial.
U.S. District Judge James M. Rosenbaum on Thursday granted Minneapolis, Minn.-based Possis Medical Inc.’s motion to dismiss the amended complaint with prejudice on the grounds that the plaintiffs had not met the pleading standards laid out in the Private Securities...
Class Action Against Medical Device Maker Tossed
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