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Medtronic Settles Marquis Defibrillator Suits For $114.1M |
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Medtronic Inc said it reached a $114.1 settlement agreement for
lawsuits relating to its Marquis line of implanted cardiac
defibrillators. The Minneapolis-based implantable biomedical device
maker said the 2,682 cases were settled for $95.6 million, as well as
$18.5 million in attorneys' fees, which will be recorded as a one-time
charge in its fiscal third quarter. Medtronic said the settlement
doesn't represent an admission of liability or the validity of any
defenses in the litigation.les Marquis Defibrillator Suits For $114.1M |