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Shareholder Class Action Filed Against Medtronic, Inc. by The Law Firm of Schiffrin Barroway Topaz & Kessler, LLP
Date:12/14/2007

RADNOR, Pa., Dec. 14 /PRNewswire/ -- The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP:

Notice is hereby given that a class action lawsuit was filed in the United States District Court for the District of Minnesota on behalf of all purchasers of securities of Medtronic, Inc. (NYSE: MDT) ("Medtronic" or the "Company") from June 25, 2007 through October 15, 2007, inclusive (the "Class Period").

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin Barroway Topaz & Kessler, LLP (Darren J. Check, Esq. or Richard A. Maniskas, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbtklaw.com.

The Complaint charges Medtronic and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Medtronic is engaged in the medical technology business. More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that the Company had received a substantial and increased number of reports of death and serious injuries caused by fractures in its Sprint Fidelis defibrillator leads; (2) that the Company had failed to suspend distribution of its Sprint Fidelis defibrillator leads in the face of such mounting safety concerns; (3) that the Company, as such safety concerns were revealed, would be forced to suspend distribution of its Sprint Fidelis defibrillator leads; (4) that the FDA would consider this "removal action" to be a "medical device recall"; (
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SOURCE Schiffrin Barroway Topaz & Kessler, LLP
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