Holzer Holzer & Fistel, LLC Announces Investigation into Potential Claims for Breaches of Fiduciary Duty by Certain Officers and Directors of St. Jude Medical, Inc.

Published on Monday, 18 June 2012 15:12 Written by TradersHuddle Staff

ATLANTA-( Business Wire )-

Holzer Holzer & Fistel, LLC announces that it is investigating potential breaches of fiduciary duty by certain officers and directors of St. Jude Medical, Inc. (“St. Jude” or the “Company”) (NYSE: STJ). On June 14, 2012, an investor filed a class action lawsuit against St. Jude alleging, among other things, that the Company violated the federal securities laws between December 15, 2010 and April 4, 2012 by issuing false and misleading statements that failed to timely disclose problems associated with the Company’s Riata and Riata ST defibrillators leads. On March 27, 2012, the New York Times reported that analysis by an independent researcher showed that the Riata and Riata ST defibrillators leads suffered from defects that could, in some instances, result in the product short-circuiting. St. Jude recently discontinued the sale of these products.

Holzer Holzer & Fistel’s investigation seeks to determine if the allegations contained in the class action complaint also give rise to the separate claims against the Board of Directors for breaches of fiduciary duty, which could be enforced on behalf of the Company through shareholder derivative litigation.

If you are a long-term holder of St. Jude shares and would like to discuss your legal rights, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it. , or This e-mail address is being protected from spambots. You need JavaScript enabled to view it. , or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.

Holzer Holzer & Fistel, LLCMichael I. Fistel, Jr., Esq., 888-508-6832 (toll-free)mfistel@holzerlaw.comorMarshall P. Dees, Esq., 888-508-6832 (toll-free) This e-mail address is being protected from spambots. You need JavaScript enabled to view it.