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Medtronic Settles Defective Sprint Fidelis Lawsuits for $268 Million
This is a settlement for the Medtronic Sprint Fidelis lawsuit.
New York, NY: Medtronic announced Thursday that it has reached a settlement of $268 million to end lawsuits over defective Sprint Fidelis leads.
The leads were recalled three years ago in 2007, due to the alleged defect that made the wires crack. The leads are wires that connect implantable devices to the heart so that an electric shock can be sent to the heart in patients whose hearts are not beating correctly.
Medtronic reportedly estimated that by 2009 at least 13 fatalities may have resulted from the defective product. Some 250,000 Sprint Fidelis leads had been implanted in patients prior to the recall.
Published on Oct-14-10
The leads were recalled three years ago in 2007, due to the alleged defect that made the wires crack. The leads are wires that connect implantable devices to the heart so that an electric shock can be sent to the heart in patients whose hearts are not beating correctly.
Medtronic reportedly estimated that by 2009 at least 13 fatalities may have resulted from the defective product. Some 250,000 Sprint Fidelis leads had been implanted in patients prior to the recall.
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