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Medtronic Next in Settling Defibrillator SuitsMedtronic Next in Settling Defibrillator Suits
The Star Tribune is reporting that Medtronic Inc. has reached a settlement to end more than 1400 lawsuits related to alleged defects in its defibrillators. The company will be paying more than $75 million as part of the settlement, which is also dependent upon Medtronic's ability to get 90% of the claimants to sign the agreement, the article notes.
July 20, 2007
1 Min Read
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The claims against the company reportedly said that Medtronic hid battery defects in its defibrillators. As noted in the blog earlier this week, Boston Scientific agreed to pay $195 million to settle a class-action lawsuit related to Guidant's defective defibrillators.
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