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
05/21/201515:42:40Medtronic CEO Omar Ishrak to Speak at Sanford Bernstein Strategic...
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201510:40:00China Diabetes Management Devices Market Growth to be Driven...
05/20/201510:40:00China Diabetes Management Devices Market Growth to be Driven...
05/20/201509:30:15Medtronic Drug-Coated Balloon for Treatment of Peripheral Arterial...
05/19/201510:10:11Medtronic Expects Profit at High End of Outlook
05/19/201509:58:11Medtronic Expects Profit at High End of Outlook
05/19/201508:52:17CORRECTION: Medtronic Announces Preliminary Fourth Quarter and...
05/19/201508:35:11Current Report Filing (8-k)
05/19/201508:30:41Medtronic Announces Preliminary Fourth Quarter and Fiscal Year...
05/18/201509:00:00Data Show Medtronic Quadripolar CRT Technology Optimizes Treatment...
05/17/201510:04:024 Reasons Why MannKind Could Succeed Where Pfizer Failed
05/15/201513:30:32Medtronic TYRX(TM) Antibacterial Envelope Reduces Cardiac Device...
05/15/201508:00:00Global Clinical Trial Finds Medtronic Micra® Transcatheter Pacemaker...
05/14/201513:30:28Global Trial Finds Medtronic Micra® Transcatheter Pacemaker...
05/14/201513:30:24Medtronic Evera MRI ICD Clinical Study Meets Safety and Efficacy...
05/13/201510:48:04Dividend Stocks: What You Need to Know
05/13/201509:05:03Dividend Stocks: What You Need to Know
05/12/201515:30:33Medtronic Reiterates Announcement Timing of Its Fourth Quarter...
05/12/201510:00:38Medtronic Receives FDA Approval and CE Mark for Arctic Front...

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