MINNEAPOLIS, Aug. 22, 2016 /PRNewswire/ --

UNITED STATES DISTRICT COURT
DISTRICT OF MINNESOTA



    FÖRSTA AP-FONDEN AND DANSKE
    INVEST MANAGEMENT A/S, Individually     Civil No. 12-3070 (JNE/HB)
    and on Behalf of All Others
     Similarly Situated,
                                            CLASS ACTION


                            Plaintiffs,



                v.

    ST. JUDE MEDICAL, INC., DANIEL J.
    STARKS, JOHN C. HEINMILLER, ERIC S.
    FAIN, MICHAEL T. ROUSSEAU, and
    DONALD J. ZURBAY,



                            Defendants

    ---

SUMMARY NOTICE OF (I) PROPOSED SETTLEMENT OF CLASS ACTION;
(II) MOTION FOR AN AWARD OF ATTORNEYS' FEES AND REIMBURSEMENT
OF EXPENSES; AND (III) SETTLEMENT FAIRNESS HEARING



    TO:                ALL PERSONS OR ENTITIES WHO
                       PURCHASED OR OTHERWISE ACQUIRED
                       ST. JUDE MEDICAL, INC. COMMON
                       STOCK DURING THE PERIOD FROM
                       FEBRUARY 5, 2010 THROUGH
                       NOVEMBER 20, 2012, AND WHO WERE
                       DAMAGED THEREBY (THE
                       "CLASS").(1)


                      Certain persons and entities are
                       excluded from the definition of
                       the Class as set forth in detail
                       in the Stipulation and Agreement
                       of Settlement dated July 7, 2016
                       (the "Stipulation") and the
                       Settlement Notice described
                       below.

Please read this notice carefully. If you are a member of the Class, your rights will be affected by a class action lawsuit pending in this Court, and you may be entitled to share in the Settlement described below.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the District of Minnesota, that the parties in the above-captioned action (the "Action") have reached a proposed settlement for $39,250,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action. A hearing will be held on November 9, 2016 at 10:00 a.m., before The Honorable Joan N. Ericksen at the United States District Court for the District of Minnesota, United States District Court, 300 South Fourth Street, 202 U.S. Courthouse, Minneapolis, MN 55415, Courtroom 12W, to determine whether: (i) the proposed Settlement should be approved as fair, reasonable, and adequate; (ii) the Action should be dismissed with prejudice against Defendants, and the releases set forth in the Stipulation (and Settlement Notice described below) should be granted; (iii) the proposed Plan of Allocation should be approved as fair and reasonable; (iv) Class Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved; and (v) Class Representatives' request for reimbursement of costs and expenses in connection with their representation of the Class should be approved.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED BY THE PENDING ACTION AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND. A detailed Notice of (I) Proposed Settlement of Class Action; (II) Motion for an Award of Attorneys' Fees and Reimbursement of Expenses; and (III) Settlement Fairness Hearing ("Settlement Notice") and Proof of Claim and Release form ("Claim Form") are currently being mailed to Class Members explaining Class Members' rights in connection with the Settlement and the process for submitting a Claim Form. If you have not yet received the detailed Settlement Notice and Claim Form, you may obtain copies of these documents by visiting www.stjudesecuritieslitigation.com, or by contacting the Claims Administrator at:

St. Jude Medical, Inc. Securities Litigation
c/o A.B. Data, Ltd.
P.O. Box 173010
Milwaukee, WI 53217
(866) 905-8130
info@StJudeSecuritiesLitigation.com

Inquiries, other than requests for the Settlement Notice and Claim Form, may be made to Court-appointed Class Counsel:



       Gregory M. Castaldo, Esq.        Gregg S. Levin, Esq.

       Joshua E. D'Ancona, Esq.      Joshua C. Littlejohn, Esq.

        KESSLER TOPAZ MELTZER &           MOTLEY RICE LLC

              CHECK, LLP                28 Bridgeside Blvd.

       280 King of Prussia Road       Mt. Pleasant, SC  29464

           Radnor, PA  19087        Telephone:   (843) 216-9000

      Telephone:   (610) 667-7706  Facsimile:     (843) 216-9450

     Facsimile:     (610) 667-7056       www.motleyrice.com

             www.ktmc.com
             ------------

If you are a member of the Class, in order to be eligible to receive a payment from the Settlement, you must submit a Claim Form postmarked no later than December 8, 2016. If you are a Class Member and do not submit a proper Claim Form, you will not be eligible to share in the distribution of the net proceeds of the Settlement, but you will nevertheless be bound by any judgments or orders entered by the Court in the Action.

If you previously submitted a request for exclusion from the Class in connection with the Notice of Pendency of Class Action dated March 29, 2016 ("Class Notice") and you wish to remain excluded from the Class, no further action is required. If you previously submitted a request for exclusion from the Class in connection with the Class Notice and you want to opt back into the Class and be potentially eligible to receive a payment from the Settlement, you must submit a request to opt back into the Class such that it is received no later than October 20, 2016, in accordance with the instructions set forth in the Settlement Notice. If you previously submitted a request for exclusion from the Class in connection with the Class Notice and do not opt back into the Class in accordance with the instructions set forth in the Settlement Notice, you will not be bound by any judgments or orders entered by the Court in the Action and you will not be eligible to share in the net proceeds of the Settlement.

If you are a Class Member, you have the right to object to the proposed Settlement, the proposed Plan of Allocation, Class Counsel's motion for attorneys' fees and reimbursement of expenses, and/or Class Representatives' request for reimbursement of costs and expenses. Any objections must be filed with the Court and delivered to Class Counsel and Defendants' Counsel such that they are received no later than October 20, 2016, in accordance with the instructions set forth in the Settlement Notice.

Please do not contact the Court, the Clerk's office, St. Jude, or its counsel regarding this notice. All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to Class Counsel or the Claims Administrator as listed above.



    DATED: AUGUST 22, 2016      BY ORDER OF THE COURT

                                 United States District
                                 Court

                                District of Minnesota

(1) At all relevant times, St. Jude Medical, Inc. common stock traded on the New York Stock Exchange under the ticker symbol "STJ."

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kessler-topaz-meltzer--check-llp-and-motley-rice-llc-announce-proposed-settlement-of-class-action-lawsuit-involving-purchasers-of-st-jude-medical-inc-common-stock-300314500.html

SOURCE Kessler Topaz Meltzer & Check, LLP and Motley Rice LLC