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
11/28/201407:44:24EU Approves Medtronic's $43 Billion Merger With Covidien
11/26/201418:35:25Medtronic Acquisition of Covidien Receives U.S. FTC Clearance
11/18/201413:41:57Medtronic Sales Rise, Backs Covidien Deal -- 2nd Update
11/18/201413:34:48Correction to Medtronic Earnings Story
11/18/201410:41:22Medtronic Sales Drop in Core Pacemaker Business -- Update
11/18/201408:41:24Medtronic Revenue Grows 5%, Backs Commitment to Covidien Deal
11/17/201412:59:18Medtronic Profit, Sales Seen Rising in 2Q -- Earnings Preview
11/17/201406:28:22MARKET SNAPSHOT: Retailers Close Out Earnings Season
11/05/201409:45:59U.S. Hot Stocks: Hot Stocks to Watch
10/15/201417:05:13MARKET SNAPSHOT: U.S. Stocks Cut Losses In Harrowing, Volatile...
10/15/201414:50:29MARKET SNAPSHOT: U.S. Stocks Plummet As Selling Intensifies
09/15/201405:43:10Danaher Buys Nobel Biocare for About $2.1 Billion
09/15/201403:24:48Danaher Buys Nobel Biocare in $2.1 Billion Cash Deal
08/26/201407:20:42Medtronic Buys Brain-Stimulation Firm
08/26/201406:59:04Medtronic Buys Brain-Stimulation Firm for $200 Million
08/21/201416:13:51Inversions Push Falls to Treasury's Mark J. Mazur
08/19/201413:07:36MARKET SNAPSHOT: Stocks Gain After Strong Housing Data; Apple...
08/19/201412:32:15MARKET SNAPSHOT: Stocks Gain After Strong Housing Data; Apple...
08/19/201411:31:29MARKET SNAPSHOT: Stocks Gain After Strong Housing Data; Apple...
08/19/201409:54:19MARKET SNAPSHOT: U.S. Stocks Rise After Strong Housing Report

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