Medtronic Investors Win Cert. In Revived Stock-Drop Suit

Law360, New York (January 30, 2018, 10:09 PM EST) -- A Minnesota federal judge Tuesday granted a class of Medtronic Inc. investors' bid for certification in their renewed suit alleging the company downplayed problems with its bone graft products and paid hundreds of millions of dollars to authors of studies with the end goal of driving up its stock price.

The class, whose claims were tossed in September 2015 but revived by the Eighth Circuit in December 2016, will include more than 1,000 major institutions that owned Medtronic stock between Sept. 8, 2010 and June 28, 2011.

U.S. District Judge John R. Tunheim certified the class, which claims that Medtronic engaged...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!