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Affymax, Inc. (AFFY) Message Board

  • expstktrader expstktrader Jul 2, 2013 11:59 PM Flag

    A Short Basher like you see on every board was sued

    CHARLESTON, SC, Jul 01, 2013 (Marketwired via COMTEX) -- Revolutions Medical Corporation (otcqb:RMCP), a Charleston, S.C.-based medical device and software applications company, and its Chief Executive Officer, Rondald Wheet, have been awarded more than $20 million in a default judgment against Phillip Maurice "Marty" Hicks. A special referee for the South Carolina court awarded the company $3.6 million in compensatory damages and $1.5 million in punitive damages. Wheet was awarded $12,010,000 in compensatory damages and $3 million in punitive damages.

    The Charleston County Common Pleas Court found Hicks liable for Internet defamation in September 2011 after he was defaulted as a sanction for disobeying a court order requiring him to participate in discovery in the case. In his decision, the special referee took into account the malicious intent and duration in which Hicks waged his cyber smear campaign against Revolutions Medical and Wheet. He also found that Hicks intentionally interfered with a grant the company was to receive from the Department of Defense in September 2010 to supply its patented RevVac�?� safety syringes to its HIV/AIDS Prevention Program.

    Search for the whole story....

    Sentiment: Hold

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0.120.00(0.00%)Oct 22 1:51 PMEDT

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