Medtronic said to hike settlement

Medtronic Inc. has agreed to pay about $130 million to settle claims that it hid defects in heart defibrillators, adding $55 million to an amount proposed in July, three people with direct knowledge of the deal said.

The extra money will allow Medtronic to resolve about 2,600 claims, 600 more than were envisioned in the $75-million initial settlement, the people said. The company agreed to the higher amount last month after more claims were filed over the devices than expected, the people said.