MEDTRONIC RECALL LAWYER FILES CLASS ACTION LAWSUIT DUE TO DEFECTIVE PRODUCT SPRINT FIDELIS LEADS
Lawyers have filed a class action lawsuit on behalf of all purchasers of securities of Medtronic from June 25, 2007 to October 15, 2007. The suit is related to the recent Medtronic recall of Sprint Fidelis defibrillator leads and alleges that the company knew about problems with their leads prior to their disclosure to the public on October 15, 2007. The Medtronic class action lawsuit states that Medtronic had received a substantial number of reports of death and serious injuries caused by fractures in its Sprint Fidelis defibrillator leads, and that Medtronic failed to suspend distribution of the Sprint Fidelis defibrillator leads in the face of this evidence. The lawsuit goes on to stipulate that the subsequent Sprint Fidelis recall will negatively impact financial earnings of Medtronic and that Medtronic failed to properly inform shareholders of this information.
If you or a loved one had one of the recalled Medtronic Sprint Fidels leads implanted, you should speak to an attorney to learn about your rights. Just as the shareholders have filed a class action lawsuit against Medtronic, patients of these devices also have. Please call us at the Law Offices of Greenberg & Rudman LLP to speak to a lawyer free of charge.
