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IN RE ST. JUDE MEDICAL, INC. SECURITIES LITIGATION
Case Number:
0:10-cv-00851
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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February 26, 2015
St. Jude Medical Puts Up $50M To Settle Investor Suit
St. Jude Medical Inc. reached a proposed $50 million settlement in an investor suit alleging the company artificially inflated its third-quarter 2009 earnings, with class counsel asking a Minnesota federal judge Thursday to approve the resolution.
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October 16, 2013
St. Jude Looks To Shoot Down Investors' Stock Fraud Suit
St. Jude Medical Inc. sought Tuesday to toss class claims that it illegally inflated its earnings in the third quarter of 2009, saying the investors had failed to prove anything other than the poor economy had hurt its stock price.
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October 25, 2012
St. Jude Investors Win Class Cert. In Stock Fraud Suit
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.