Medtronic Hit With Shareholder Suit Over Infuse Studies

Law360, New York (June 28, 2013, 6:01 PM EDT) -- Medical device maker Medtronic Inc. helped researchers downplay the risks and side effects of its Infuse bone graft product, causing its stock price to fall when the scheme was revealed, a Minnesota securities class action filed Thursday alleges.

Minneapolis-based Medtronic allegedly worked with some researchers to hide Infuse's risks and then didn't disclose that when those risks were revealed surgeons would stop using it as much, inflating and then bringing the company's stock price down from 2010 to 2011, according to a complaint filed by the...
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Case Information

Case Title

West Virginia Pipe Trades Health & Welfare Fund v. Medtronic, Inc. et al


Case Number

0:13-cv-01686

Court

Minnesota

Nature of Suit

Securities/Commodities

Judge

John R. Tunheim

Date Filed

June 27, 2013

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