SEC Fraud Claims Against Ex-Centerpulse Exec Pared

Law360, New York (August 31, 2009, 3:10 PM EDT) -- A federal judge has ruled that a former officer of Centerpulse Ltd. cannot be considered the cause of the medical technology company’s allegedly fraudulent financial reports, but let stand regulators’ accusations the defendant contributed to misrepresentations.

On Friday, Judge John D. Bates of the U.S. District Court for the District of Columbia granted partial summary judgment to defendant Richard May, holding that while the former executive may have aided the alleged securities violations in 2003, he cannot be deemed the primary violator responsible for the inflated...
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