MINNEAPOLIS, Oct. 02, 2020 (GLOBE NEWSWIRE) — In September of 2014, Lockridge Grindal Nauen P.L.L.P. filed a Consolidated Complaint against Medtronic, Inc. (“MDT”) and related entities, and certain officers and directors in Hennepin County District Court, Minnesota (Case No. 27-CV-14-11452) on behalf of all Medtronic shareholders who held their shares in taxable accounts and were injured by the capital gains taxes and other taxes they were forced to pay as a result of the merger with Covidien plc. The Consolidated Complaint alleged that in pursuing the merger, which was structured as an “inversion,” each of the Defendants violated applicable law by breaching and/or aiding and abetting the other Defendants’ breaches of their fiduciary duties of due care, disclosure, good faith, loyalty, and fair dealing and by engaging in other wrongful conduct under Minnesota statutory and common law.
Lockridge Grindal Nauen P.L.L.P. Announces the Denial of Plaintiffs’ Class Certification Motion in the Lawsuit Relating to the Medtronic, Inc. and Covidien plc Merger
Oct 2, 2020