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
03/26/201509:16:52Lombard's Unique Stent-Graft Rapidly Penetrating Endovascular...
03/25/201517:04:25Amended Current Report Filing (8-k/a)
03/25/201516:00:00Medtronic Highlights New Data in JAMA Surgery Demonstrating Significant...
03/24/201506:33:37Medtronic Files 8K - Regulation FD
03/20/201518:43:04Statement of Changes in Beneficial Ownership (4)
03/20/201509:00:00Next Week In Biotech: Pediatric Safety Ad Comm, BIO Asia, Sinovac...
03/18/201508:33:32'New' Medtronic Significantly Undervalued After Merger With Covidien
03/17/201520:41:39Dividend Growth Checkup - Part II
03/17/201515:36:42Statement of Changes in Beneficial Ownership (4)
03/16/201517:39:12Why Edwards Lifesciences Sky-Rocketed Today
03/16/201511:00:26Medtronic Seeks Runners with Medical Technology for 2015 "Global...
03/16/201507:44:56Two-year data show Medtronic CoreValve TAVR patients do better...
03/15/201513:45:27Medtronic CoreValve® System Sustains Superior Survival Benefit...
03/14/201518:45:35Medtronic to Initiate Clinical Study of Drug-Filled Stent Following...
03/14/201515:00:22Medtronic CoreValve® Evolut(TM) R System Yields Exceptional...
03/12/201509:30:32Medtronic Initiates Pivotal Studies of Resolute Onyx(TM) Drug-Eluting...
03/09/201518:45:33Why Medtronic-Covidien Deal Will Lead To Strong 2015 Performance
03/03/201518:07:15NuVasive: Court Overturns $102 Million Award to Medtronic--Update
03/03/201517:44:58NuVasive: Court Overturns $102 Million Award to Medtronic
03/03/201516:00:43Medtronic EVP & CFO Gary Ellis to Speak at Barclays Healthcare...

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