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Medtronic agrees to pay $85 million to settle shareholder lawsuit

The federal class action suit was filed by the Minneapolis Firefighters Relief Association in 2008. It accused the Fridley-based medical device maker of making misleading or false statements about the company's Infuse spine surgery device. Medtronic denies any wrongdoing.
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The federal class action suit was filed by the Minneapolis Firefighters Relief Association in 2008. It accused the Fridley-based medical device maker of making misleading or false statements about the company's Infuse spine surgery device. Medtronic denies any wrongdoing.

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The Fridley-based medical device maker plans to eliminate positions in facilities around the globe, including 220 positions at its Mounds View-based division. Medtronic topped expectations in the fourth quarter, but continues to struggle with the sale of heart rhythm devices as well as devices used in spine surgery.

Medtronic to pay $23.5 million to settle kickback charge

The Justice Department alleged that Medtronic funneled money to doctors who implanted pacemakers or defibrillators made by the company. A spokesman says Medtronic admits no wrongdoing in the settlement.

Senate panel says Medtronic edited clinical studies to tout spine product

A new report from a U.S. Senate committee alleges Fridley-based Medtronic Inc. was "heavily involved in drafting, editing and shaping the content of medical journal articles" to downplay the risks of its controversial Infuse bone graft product used in spinal surgery, the Wall Street Journal reports.

Feds close probe into Medtronic's marketing of its Infuse bone graft product

The U.S. Department of Justice spent four years looking into whether the Fridley-based manufacturer encouraged doctors to use the product in ways not described on the FDA-approved label. Medtronic denies any wrongdoing, but still faces civil lawsuits and agreed to pay $85 million in March to settle a federal securities lawsuit.

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