Imaging3 CEO Misled Investors About 3-D Device, SEC Says

Law360, New York (June 26, 2013, 7:08 PM EDT) -- The U.S. Securities Exchange Commission sued medical device maker Imaging3 Inc. and its founder in California federal court Tuesday for allegedly downplaying the U.S. Food and Drug Administration's negative evaluation of a 3-D imaging product during a shareholders' conference call.

The complaint claims CEO Dean Janes with fraud. Janes runs the California-based maker of the Dominion Scanner, a device designed to scan and produce 3-D images of most parts of the human body. The complaint accuses him of omitting key information about why the FDA would...
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