South Carolina medical device maker Revolutions Medical won $20 million judgment against an online forum commenter accused of "Internet defamation."
A South Carolina court awarded medical device company Revolutions Medical (PINK:RMCP) and its CEO more than $20 million in damages against Phillip Hicks, an online forum commenter who the company accused of "Internet defamation."
Revolutions won $3.6 million in compensatory and $1.5 million in punitive damages, and company chairman & CEO Rondald Wheet won $12 million in compensatory and $3 million in punitive damages, according to a press statement.
Revolutions had accused Hicks of waging a "cyber smear campaign" against the company and its chief executive, and claimed that Hicks intentionally interfered with a DoD grant that Revolutions was slated to receive in September 2010.
According to company documents Hicks, under the user-name "Tazmanian353", had made libelous comments on Yahoo! Finance and Raging Bull online forums alleging that Revolutions was just a "shell company" without legitimate operations or real patents and that CEO Ron Wheet "lied in official documents" and made "fraudulent misleading statements."
Revolutions filed a lawsuit on the grounds that Hicks' comments were false and defamatory since the company owns patents, both granted and pending, for auto retractable safety syringe and certain medical imaging technology.
A federal jury in Texas clears Johnson & Johnson's DePuy Pinnacle hip implant in the 1st...
Edwards Lifesciences reports 3rd-quarter sales and earnings growth in excess of 20% and raises its...
A federal jury in Texas reportedly clears Johnson & Johnson's DePuy Pinnacle hip implant in the...
Federal auditors say the FDA needs to ramp up its cybersecurity efforts in order to deter hackers.