MicroMed Investors Say Execs Lied About Heart Pump Patents

Law360, Dallas (December 19, 2013, 7:45 PM ET) -- Shareholders in heart pump manufacturer MicroMed Cardiovascular Inc. on Tuesday hit the company with fraud claims in Texas state court, alleging they lost millions after they were duped by misrepresentations the company owned a valuable patent portfolio for a device close to hitting the shelves.

More than 20 plaintiffs sued MicroMed executives and law firm Boardman Suhr Curry & Field LLP, now known as Boardman & Clark LLP, saying the company misrepresented that it owned 11 patents and had applied for dozens more related to a...
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