Revolutions Medical Corp. (PINK:RMCP) landed a court victory over "Tazmanian353" for defaming remarks made against the company and its CEO through online message boards.
Taz, also known as Philip Hicks, was found liable for comments made 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."
The Charleston, S.C.-based safety medical device and software application company won a sanction from the South Carolina Ninth Judicial Circuit Court of Common Pleas against Hicks based on "his refusal to give deposition testimony, answer interrogatories, produce documents or otherwise comply with his discovery obligations in the litigation," according to a press release.
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.
Wheet described the order as a "great victory for our shareholders."