CTI Class Action Stems From Management Dispute On PMA Submission Timing
This article was originally published in The Gray Sheet
Executive Summary
Alleged misrepresentations about the status of a pending premarket approval application for Computerized Thermal Imaging, Inc.'s BCS2100 breast cancer detection system are the subject of a recent 1shareholder class action lawsuit against CTI and former President and COO David Packer
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CTI class action dismissed
Portland, Ore. federal court dismisses class action against Computerized Thermal Imaging. The 2002 suit alleged misrepresentations about the status of a pending PMA for the BCS2100 breast cancer detection system by CTI and former President and COO David Packer (1"The Gray Sheet" June 24, 2002, p. 20). The court ruled that the statements "were either not material, not misleading, or not plead...with sufficient particularity," CTI says...
CTI class action dismissed
Portland, Ore. federal court dismisses class action against Computerized Thermal Imaging. The 2002 suit alleged misrepresentations about the status of a pending PMA for the BCS2100 breast cancer detection system by CTI and former President and COO David Packer (1"The Gray Sheet" June 24, 2002, p. 20). The court ruled that the statements "were either not material, not misleading, or not plead...with sufficient particularity," CTI says...
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