• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Subscribe

MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

  • Latest News
  • Technologies
    • Artificial Intelligence (AI)
    • Cardiovascular
    • Orthopedics
    • Neurological
    • Diabetes
    • Surgical Robotics
  • Business & Finance
    • Wall Street Beat
    • Earnings Reports
    • Funding Roundup
    • Mergers & Acquisitions
    • Initial Public Offering (IPO)
    • Legal News
    • Personnel Moves
    • Medtech 100 Stock Index
  • Regulatory & Compliance
    • Food & Drug Administration (FDA)
    • Recalls
    • 510(k)
    • Pre-Market Approval (PMA)
    • MDSAP
    • Clinical Trials
  • Special Content
    • Special Reports
    • In-Depth Coverage
    • DeviceTalks
  • Podcasts
    • MassDevice Fast Five
    • DeviceTalks Weekly
    • OEM Talks
      • AbbottTalks
      • Boston ScientificTalks
      • DeviceTalks AI
      • IntuitiveTalks
      • MedtechWOMEN Talks
      • MedtronicTalks
      • Neuro Innovation Talks
      • Ortho Innovation Talks
      • Structural Heart Talks
      • StrykerTalks
  • Resources
    • About MassDevice
    • DeviceTalks
    • Newsletter Signup
    • Leadership in Medtech
    • Manufacturers & Suppliers Search
    • MedTech100 Index
    • Videos
    • Webinars
    • Whitepapers
    • Voices
Home » Convicted ex-Heart Tronics lawyer won’t get a retrial, judge rules

Convicted ex-Heart Tronics lawyer won’t get a retrial, judge rules

June 11, 2014 By Arezu Sarvestani

Convicted ex-Heart Tronics CEO won't get a retrial, judge rules

A California District Judge harshly refused former Signalife and Heart Tronics lawyer Mitchell Stein’s motion for a retrial, taking offense to the request itself.

Stein was convicted in May 2013 of 14 charges of fraudulently inflating share prices for heart monitoring devices maker Signalife (later Heart Tronics). Federal prosecutors called for a $5.4 million fine to account for Stein’s ill-gotten gains as well as those of his former chauffeur and co-conspirator.

Stein has been petitioning for a retrial since at least September 2013, filing several motions over the last few months, all of which were summarily dismissed by Judge Kenneth Marra.

"The Court finds these motions not only to be baseless, but also offensive," Marra wrote in his ruling this week. "There was more than sufficient evidence presented upon which a reasonable jury could find, beyond a reasonable doubt, that Defendant was guilty.”

Marra further denied Stein’s request to compel prosecutors to produce documents and meeting minutes of grand jury proceedings, as well as Stein’s motion for conditional release pending sentencing, according to court documents.

Stein and handyman/chauffeur Martin Carter, who pleaded guilty in 2011, personally reaped a total of nearly $5.4 million from a scheme in which they set up a series of sham transactions and entities to bilk investors, according to the lawsuit. In 1 instance, prosecutors said, Carter set up a brokerage account from which he sold more than $1 million worth of Signalife stock and transferred the proceeds to Stein.

The scheme eventually ensnared alleged co-conspirator Willie Gault, the ex-Chicago Bears and track star who became the co-CEO of Heart Tronics in 2008.

Filed Under: Legal News, News Well, Patient Monitoring, Wall Street Beat Tagged With: Heart Tronics, Securities & Exchange Commission (SEC), Signalife

More recent news

  • Philips launches new point-of-care ultrasound system
  • Medtronic to invest $50M in India Diabetes center
  • Corvia Medical raises $55M as it seeks FDA nod for atrial shunt
  • Penumbra completes enrollment in pulmonary embolism trial
  • Zoll opens new facility in Rhode Island

Primary Sidebar

“md
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest med device regulatory, business and technology news.

DeviceTalks Weekly

See More >

MEDTECH 100 Stock INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
MDO ad

Footer

MASSDEVICE MEDICAL NETWORK

DeviceTalks
Drug Delivery Business News
Medical Design & Outsourcing
Medical Tubing + Extrusion
Drug Discovery & Development
Pharmaceutical Processing World
MedTech 100 Index
R&D World
Medical Design Sourcing

DeviceTalks Webinars, Podcasts, & Discussions

Attend our Monthly Webinars
Listen to our Weekly Podcasts
Join our DeviceTalks Tuesdays Discussion

MASSDEVICE

Subscribe to MassDevice E-Newsletter
Advertise with us
About
Contact us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy