Monday, October 18, 2010

Medtronic Will Pay $268 Million to Settle Defibrillator Suits

By Jack Simony

Medtronic will pay $268 million to end the Meditronic Sprint Fidelis defribillation suits following a 2007 recall of the devices, reported.

The company's decision comes as the related suits are pending in Minneapolis federal multidistrict litigation and other courts throughout the company.

"The settlement is a compromise of disputed claims, and the parties have not admitted any liability or the validity of any defense in the litigation," said the company in a statement.

- By Jack Simony

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