News for January 1st, 2008

Medtronic settles defective defibrillator lawsuits for $114 Million

Medtronic Inc., the maker of the defective Sprint Fidelis Defibrillator Lead, announced last week that it had reached a settlement agreement regarding another of its faulty medical devices. The company has agreed to pay out $114 million to settle product liability lawsuits filed as the result of injuries cased by its malfunctioning Marquis line of implanted cardiac defibrillators. Despite the huge settlement agreement, said it does not admit liability in the litigation.

Read the rest of this entry »