PepperBall, Exec Beat $4.8M Securities Fraud Suit

Law360, New York (December 16, 2010, 7:42 PM EST) -- PepperBall Technologies Inc. and Gregory Pusey, whose struggling company was acquired by PepperBall, have won dismissal of a $4.8 million securities fraud lawsuit after a six-week trial in California state court.

Pusey was sued in the California Superior Court for Los Angeles County in 2008 by five investors in his previous company, Security With Advanced Technology Inc., who said SWAT's prospectus for its 2005 initial public offering was less than honest about product problems and a limited customer base, misleading them about the health of the...
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