NEW
YORK, Oct. 14, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Medtronic plc (NYSE:
MDT).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/medtronic-plc-loss-submission-form/?id=32611&from=4
This lawsuit is on behalf of persons and entities who purchased
or otherwise acquired Medtronic common stock between June 8, 2019, and May 25,
2022, inclusive.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
November 7, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Medtronic plc issued materially
false and/or misleading statements and/or failed to disclose that:
(1) Medtronic's product quality control systems were inadequate;
(2) Medtronic had failed to comply with numerous regulations
regarding risk assessment, corrective and preventive action,
complaint handling, device recalls, and reporting of adverse
events; (3) these failures increased the risk of regulatory
investigation and action; (4) as a result of the Company's
misconduct, the U.S. Food and Drug Administration would delay the
approval of additional Medtronic MiniMed devices, including the
MiniMed 780G; (5) these delays in product approvals, as well as the
Company's need to improve its quality control systems, would
negatively affect the Company's financial performance and cause
Medtronic to fall further behind its competitors; and (6) as a
result of the foregoing, defendants' statements about the Company's
business, operations, and prospects lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law