Revolutions Medical CEO Ron Wheet has been found not guilty of allegations of filing false stock registration statements, according to Charleston, S.C.’s Post & Courier. The case was based around allegations that Wheet and former investor relations head Bryon Key issues more than 1.2 million shares of company stock to at least 11 people using […]
Jury deadlocked in SEC trial of Revolutions Medical and CEO
Revolutions Medical said today that a court case styled trial between the Securities and Exchange Commission and the company, as well as its CEO Rondald Wheet has ended in a deadlock from the jury. The case was brought against the safety device and software maker in 2012 by the SEC over a number of allegedly “misleading […]
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Revolutions Medical: Convicted libeler was informant behind SEC complaint
Revolutions Medical (PINK:RMCP) said a civil complaint filed against it by the SEC last year relied on an informant who was later convicted in a $20 million libel suit.
Revolutions Medical wins $20M libel suit against cyber bully
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."
Mela Sciences CEO resigns | Personnel Moves
Long-time Mela Sciences (NSDQ:MELA) CEO Joseph Gulfo resigned last week from his position as chief executive, president, chairman and member of the board. Gulfo had been Mela’s CEO since 2004, and company documents did not cite a reason for his resignation.
Revolutions sues former president for alleged collusion with another lawsuit target
Revolutions Medical (PINK:RMCP) filed a lawsuit against former president & director Thomas O’Brien, accusing him of taking bribes from and leaking confidential information to another lawsuit target, Richard Theriault.
Revolutions Medical says SEC lawsuit driven by libelous duo
The Securities & Exchange Commission filed a civil complaint in federal court against safety device and software maker Revolutions Medical (PINK:RMCP) over handful of allegedly "misleading press releases" the company issued in 2010 and 2011, according to regulatory filings.
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