DISCLAIMER: Any unofficial case summaries below are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
092518P.pdf 09/16/2010 Detroit General Retirement v. Medtronic, Inc.
U.S. Court of Appeals Case No: 09-2518
U.S. District Court for the District of Minnesota - Minneapolis
[PUBLISHED] [Bye, Author, with Melloy and Shepherd, Circuit Judges]
Civil case - Securities. District court did not err in dismissing plaintiffs'
Private Securities Litigation Reform Act suit for failure to state with
particularity a legitimate basis for the claims of fraud; the complaint,
which alleged defendants misled investors concerning the seriousness of
the problems with its Fidelis brand of defibrillator leads, failed to show
defendants made materially false or misleading statements or that the
company or the individuals knew the statements to be false; district court
did not err in denying motion to amend the complaint as the proposed
amendment would not cure the defects in the complaint.