Medtronic Lawsuit

The Wall Street Journal reports that Medtronic, Inc. continues to be under federal investigation for alleged payments made to doctors. The Senate Finance Committee, the SEC and the U.S. attorney’s office for Eastern Division of Pennsylvania have all requested some sort of documentation from Medtronic. In September 2007, the SEC began an informal investigation trying to determine whether Medtronic was violating the U.S. Foreign Corrupt Practices Act which was put in place to stop bribes to foreign officials. The U.S. attorney’s office was requesting information on payments or gifts made to physicians relating to the purchase of the company’s cardiac stents and cardiac-therapy devices, specifically with an unnamed customer.

In the meantime, the State panel is investigating the FDA’s oversight of medical-device components which resulted in a defibrillator recall by Medtronic because some of the leads could cause the defibrillators to function abnormally. The spokeswoman for Medtronic declined to comment.

F0r more information, contact the Medtronic Lawsuit Lawyers at Williams Kherkher at 1.800.220.9341.