ADVFN - Advanced Financial Network.
HOME» NYSE » M » MDT Stock Price » MDT Stock News

Medtronic Share News

 Medtronic, Inc. Stock Price
MDT Stock Price
 Medtronic, Inc. Stock Chart
MDT Stock Chart
 Medtronic, Inc. Stock News
MDT Stock News
 Medtronic, Inc. Company Information
MDT Company Information
 Medtronic, Inc. Stock Trades
MDT Stock Trades

Medtronic Says Reached Deal On Shareholder Suit For $85 Million

DOW JONES NEWSWIRES Medtronic Inc. (MDT) said it reached an agreement in principle to settle all claims in a previously disclosed federal shareholder class action for $85 million. The action, initially filed in December 2008 against the medical-device maker and certain current and former officers by the Minneapolis Firefighters Relief Association, had sought damages for alleged misrepresentations and omissions by the company. Under the settlement, Medtronic explicitly denies that it made any misrepresentations or omissions or that it otherwise engaged in any wrongdoing, it said. The deal is subject to court approval and some final documentation. The company expects to file the settlement cost as a one-time charge in its current fourth quarter, which ends April 27. Medtronic has continued to see challenges in its key cardiac-rhythm and spine segments. Last month, the company said its fiscal third-quarter earnings rose 1.2% to $935 million, aided by fewer charges and the impact of divesting its Physio-Control business. Revenue was up 1.6% at $3.92 billion. Shares closed Friday at $39.19 and were up 3 cents after hours. The stock is up 2.5% over the past three months. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Medtronic (MDT)
DateTimeHeadline
06/29/201518:10:04American Heart Association's New Stroke Treatment Guidelines...
06/29/201516:37:53Amended Statement of Changes in Beneficial Ownership (4/a)
06/28/201509:43:03Why Samsung Is Partnering Up with This Healthcare Company
06/25/201511:00:36Medtronic Announces Expansion of MR-Conditional Products with...
06/25/201510:24:04Waters Appoints Medtronic Veteran as New CEO
06/25/201509:20:25Current Report Filing (8-k)
06/25/201509:10:21Medtronic Names Geoff Martha Executive Vice President and President...
06/24/201516:00:08These Stocks Just Raised Their Dividends
06/24/201508:00:00World's Smallest Pacemaker, Medtronic Micra TPS, Wins Top European...
06/23/201517:00:18Medtronic Implements Worldwide Voluntary Recall for Certain Lots...
06/23/201516:40:56Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
06/23/201509:27:24Medtronic Announces FDA Approval for New TAVR System, Introduces...
06/22/201512:00:00Medtronic Calls for Applications for 2015 Bakken Invitation Award
06/22/201509:12:39World's Smallest Pacemaker, Medtronic Micra TPS, Featured in...
06/20/201510:00:00Endurant AAA Stent Graft Maintains Durable, Consistent and Proven...
06/19/201518:06:31Medtronic Acquires Aptus for $110 Million to Expand Technology...
06/19/201517:00:00Medtronic Acquires Aptus Endosystems
06/19/201515:00:023 Dividend Aristocrats You've Probably Never Heard Of
06/19/201510:30:12Medtronic Boosts Dividend, Adds To Buyback
06/19/201510:21:16Medtronic Boosts Dividend, Adds To Buyback

Medtronic and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad