Medtronic, Inc. (NYSE: MDT) Former And Current Employees Investigation

PRLog (Press Release) - Jan 30, 2009 -
According to a press release there is currently an ongoing investigation on behalf of former and current employees of Medtronic, Inc. (NYSE: MDT) concerning potential Employee Retirement Income Security Act (“ERISA”) Breach of Fiduciary Duty. The investigation focuses on investments in Medtronic stock in the Medtronic, Inc. Savings and Investment Plan and the Medtronic Puerto Rico Employees’ Savings and Investment Plan.

If you are a former or current employee or are a member of any of Medtronic Inc. investment plans or profit sharing retirement plans and purchased or held Medtronic Inc. stock (NYSE: MDT) in one of those plans during the periods November 19, 2007 to November 17, 2008 or have information relating to this investigation, you should contact the Shareholders Foundation, Inc. immediately!

Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

or send us your information by mail /facsimile

Shareholders Foundation, Inc.
3111 Camino del Rio North
– Suite 423 –
San Diego, CA 92108
Fax: +1-(858)-605-5739(Facsimile)

Medtronic, Inc. (NYSE: MDT) has been accused of securities fraud (please see: Class Action Lawsuit On Behalf Of Medtronic, Inc. (NYSE: MDT) Investors Against Medtronic and Certain of Its Senior Officers and Directors Over Alleged Violations Of Federal Securities Laws Filed; url: http://shareholdersfoundation.com/?p=4875 ) and according to a press release under ERISA employees (former and current) of Medtronic, Inc. (NYSE: MDT) may be eligible to file a ERISA complaint for putting stock options at risk if they can prove their employer violated its fiduciary duty to them. The Fiduciary duty refers to a company’s responsibility to the people who invest in it and if an employer puts the company’s interest ahead of the investors’, it has broken its fiduciary duty., so the investigation. ERISA, so the press release, is a federal law that sets minimum standards for pension and health plans set up by private businesses and ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company.

If you are a former or current employee or are a member of any of Medtronic Inc. investment plans or profit sharing retirement plans and purchased or held Medtronic Inc. stock (NYSE: MDT) in one of those plans during the periods November 19, 2007 to November 17, 2008 or have information relating to this investigation, you should contact the Shareholders Foundation, Inc. immediately!

Email:  Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

or send us your information by mail / facsimile:


Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
Mail@ShareholdersFoundation.com
www.ShareholdersFoundation.com
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