City of Taylor Police & Fire Retirement System

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Shareholders sue St. Jude Medical over earnings prediction

St. Jude Medical Inc. is facing a federal securities class-action lawsuit claiming that the medical device maker and two of its top executives misrepresented the company’s financial situation to shareholders last year. The lawsuit is filed in U.S ...

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The Business Journal
March 19, 2010
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IN RE ST. JUDE MEDICAL, INC. SECURITIES LITIGATION

St. Jude Medical Inc. reached a proposed $50 million settlement in an investor suit alleging the company artificially inflated its third-quarter 2009 earnings, with class counsel asking a Minnesota federal judge Thursday to approve the resolution.

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Law 360
February 26, 2015
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