St. Jude Medical Inc. and three top officers were sued by a public employee pension plan over claims they increased share value by making misleading statements about the quality of Durata cardio-defibrillator wires.
Bill and Gayle Cook, the co-founders of medical-device maker Cook Group, passed ownership of the company to their son, Carl, to avoid estate taxes prior to Bill Cook’s death in 2011, according to a biography of the patriarch.
U.S. stocks rose, leaving the Standard & Poor’s 500 Index less than 1 percent from a record, amid signs lawmakers could reach a deal before the government loses its ability to borrow money in three days.
Germany must face a lawsuit over bonds that defaulted under Adolf Hitler in the 1930s, a U.S. appeals court ruled, saying the nation isn’t immune from the claims and that American courts have jurisdiction to decide whether the bonds are enforceable.
Patients with mild heart failure live longer if they’re treated with advanced defibrillators that synchronize the beating of the heart in addition to shocking it back into rhythm when it stops, a study found.
St. Jude Medical Inc. recalled a new delivery system used to treat people with a dangerous hole in the heart after discovering the device could fracture in a small number of cases, U.S. regulators said.