Minnesota Supreme Court agrees with LGN, shareholders in Medtronic-Covidien tax inversion lawsuit
The Minnesota Supreme Court unanimously decided Wednesday that shareholders challenging the Medtronic-Covidien tax inversion could assert direct claims against Medtronic. Vern Vander Weide and Gregg Fishbein, along with Richard Lockridge and Kate Baxter-Kauf, represent the shareholders who are alleging that the inversion caused them to incur significant capital gains taxes and diluted their corporate ownership. The case will now go back to the Hennepin County District Court for further pre-trial proceedings.
