(Reuters) — A California jury yesterday cleared former Chicago Bears wide receiver Willie Gault of intentionally defrauding investors in a scheme to inflate the price of stock in the heart-monitoring device company Heart Tronics.
Signalife
MDT’s Ev3 pays $1.3m in whistleblower suit | Medtech legal news for the week of February 16, 2015
Stryker agrees to pay $80M to settle OtisMed beef | Medtech legal news for the week of December 8, 2014
Appeals court upholds win for Gore in patent war with STJ | Medtech legal news for the week of June 16, 2014
Medtronic, Johnson & Johnson store billions in cash in overseas subsidiaries | Medtech Wall Street news for the week of June 9, 2014
Convicted ex-Heart Tronics lawyer 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.
Feds seek $5.4M from convicted ex-Heart Tronics lawyer Stein

Mitchell Stein, the ex-outside counsel for Signalife (later Heart Tronics), was convicted in May on 14 charges that he masterminded a 5-year fraud scheme to pump up the heart monitoring device company’s share price. Now federal prosecutors want him to cough up not only his ill-gotten gains, but the loot taken by his ex-chauffeur co-conspirator.
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.