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IN RE MEDTRONIC INC., SECURITIES LITIGATION

Civ. No. 07-4564 (RHK/AJB).

618 F.Supp.2d 1016 (2009)

In re MEDTRONIC INC., SECURITIES LITIGATION.

United States District Court, D. Minnesota.

March 10, 2009.

Attorney(s) appearing for the Case

Mark A. Strauss, Ira M. Press, Kirby McInerney LLP, New York, NY, Jonathan F. Mack, Zelle Hofmann Voelbel & Mason LLP, Minneapolis, MN, for Plaintiffs.

Jeffrey B. Rudman, Wilmer Cutler Pickering Hale and Dorr LLP, Boston, MA, Michael G. Bongiorno, Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY, Patrick S. Williams, Briggs and Morgan, PA, Minneapolis, MN, for Defendants.

MEMORANDUM OPINION AND ORDER

RICHARD H. KYLE, District Judge.

INTRODUCTION

Plaintiffs claiming securities fraud are required under the Private Securities Litigation Reform Act ("the Reform Act") to allege the defendants' fraudulent acts and mental state with particularity. 15 U.S.C. § 78u-4(b). These requirements exist because "securities fraud actions . . . if not adequately contained, can be employed abusively to impose substantial costs...

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