ST. JUDE MEDICAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of St. Jude Medical, Inc.

NEW ORLEANS, May 2, 2016 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of St. Jude Medical, Inc. ("St. Jude Medical" or the "Company") (NYSE: STJ) to Abbott Laboratories (NYSE: ABT). Under the terms of the proposed transaction, shareholders of St. Jude Medical will receive only $46.75 in cash and 0.8708 shares of Abbott common stock for each share of St. Jude Medical that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.