Medtronic To Face Class Action Suit From Canadian Users Of MiniMed Insulin Pumps

  • A national class action in Canada has been commenced against Medtronic Plc MDT over its MiniMed 630G and 670G insulin pumps.
  • Rochon Genova and Cardill Law commenced the proposed class-action suit against Medtronic, Medtronic MiniMed, and Medtronic of Canada over the insulin pumps approved in Canada in 2016 and 2018. 
  • Related Link: Medtronic Expands Recall of MiniMed 600 Series Insulin Pumps.
  • For the same issue, missing or broken retainer rings that could result in the over-or under-delivery of insulin, Health Canada issued a Type II Medical Device Recall in 2019, then a Type 1 recall earlier this month.
  • The proposed class action alleges that Medtronic knew or ought to have known that the devices were suffering from a defective retainer ring but failed to take steps to address it or offer warnings to users.
  • The claims have not yet been proven in court.
  • Medtronic did not directly comment on the class action suit but referred to its October 5 news release covering the issue with the MiniMed 600 series devices.
  • Price Action: MDT shares are down 1.07% at $121.19 during the market session on the last check Thursday.
Loading...
Loading...
MDT Logo
MDTMedtronic PLC
$83.45-1.65%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
49.36
Growth
43.50
Quality
39.80
Value
22.43
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In:
Comments
Loading...