BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of St. Jude Medical Inc. (“St. Jude”) or the “Company”) (NYSE: STJ) concerning the Company and its officers’ possible violations of federal securities laws.
On October 11, 2016, pre-market, St. Jude distributed a letter to physicians and patients informing them that batteries on thousands of the Company's implantable defibrillators can rapidly and unexpectedly deplete. The Company stated that two people had died after their devices malfunctioned due to the depleted battery; and 47 other people reported dizziness and/or fainting. The warning specifically concerns devices made before May 2015, which are currently in use by approximately 350,000 people around the world.
On this news, St. Jude stock fell over 3% on October 11, 2016.
If you purchased St. Jude securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
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