Investor Attys Seek $8.5M In $43M Medtronic Stock-Drop Deal

Law360 (October 30, 2018, 5:57 PM EDT) -- Counsel for a class of Medtronic Inc. investors asked a Minnesota federal judge on Monday for $8.5 million in fees and expenses for their work in reaching a $43 million settlement over claims the medical device maker manipulated studies for one of its products.

Attorneys from Robbins Geller Rudman & Dowd LLP and Motley Rice LLC said that they spent 35,300 hours litigating the case and reaching the settlement for a class of investors alleging Medtronic hid multimillion-dollar payments to researchers who helped conceal the risks associated with its Infuse bone graft technology.

"Lead counsel firmly believe that the settlement obtained...

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