Medtronic Settles Sprint Fidelis MDL For $268M

Law360, New York (October 14, 2010, 10:50 AM EDT) -- Medtronic Inc. will pay $268 million to settle claims related to the recall of Sprint Fidelis defibrillation leads in federal multidistrict litigation and in Minnesota state court actions.

Plaintiffs are currently appealing the dismissal of their cases in the U.S. Court of Appeals for the Eighth Circuit and the Minnesota Court of Appeals. Those appeals will be dismissed as a result of the settlement, Medtronic said Thursday.

Medtronic and the plaintiffs will fille motions to dismiss the MDL in the U.S. District Court for the District...
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