St. Jude Investors Win Class Cert. In Stock Fraud Suit

Law360, New York (October 25, 2012, 7:50 PM EDT) -- A Minnesota federal judge on Thursday certified a class of shareholders accusing medical device maker St. Jude Medical Inc. and its officers of deceiving the public about its business operations, enabling company insiders to sell $16 million worth of their personally held shares to unwitting investors.

U.S. District Judge Susan Richard Nelson certified a class made up of anyone who bought St. Jude stock between April 22, 2009, and Oct. 6, 2009, and named plaintiff Building Trades United Pension Trust Fund as the class representative....
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