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USA v. Petit et al

  1. May 24, 2021

    MiMedx Not A Victim, Can't Get $40M Restitution In Fraud Suit

    MiMedx Group Inc. can't get $40 million in restitution from two former executives who were convicted of a scheme to dupe the company's investors, a New York federal judge ruled Sunday, finding that the biologics company isn't a victim under the statute in question.

  2. February 24, 2021

    Rakoff Hits Ex-MiMedx Exec With 1 Year For Fraud Scheme

    Manhattan U.S. District Judge Jed S. Rakoff sentenced former MiMedx Group Inc. executive William Taylor to a year in prison Wednesday after a jury found him guilty of scheming to dupe investors who backed the biologics concern.

  3. February 23, 2021

    Unrepentant Ex-MiMedx CEO Gets 1 Year For Revenue Fraud

    A Manhattan federal judge sentenced former MiMedx Group Inc. CEO Parker "Pete" Petit to a year in prison Tuesday for inflating the publicly traded biologics company's earnings, saying a jury rightly convicted him of fraud despite his denials of guilt.

  4. January 25, 2021

    Feds Fire Back At Bid To Retry MiMedx Execs' Fraud Case

    The federal government has urged the Southern District of New York not to exonerate or offer a new trial to former executives of MidMedx Group Inc. after a jury found them guilty of falsely reporting revenue, saying the evidence at trial was more than sufficient to support the verdict.

  5. November 19, 2020

    MiMedx Execs Convicted In SDNY's 1st Virus-Era Fraud Trial

    A Manhattan jury convicted two former MiMedx Group Inc. executives Thursday in an alleged fraud scheme, capping the Southern District of New York's first white-collar fraud trial since the onset of the COVID-19 pandemic, an experience one juror described as "still court" with "plenty of Purell."

  6. November 18, 2020

    Jury Mulls Fraud Case Against Ex-MiMedx Execs For 3rd Day

    A Manhattan jury mulled securities fraud charges against two former MiMedx Group Inc. executives for a third day Wednesday with no verdict — asking for guidance on how to handle scraps of evidence from a three-week trial.

  7. November 16, 2020

    Jury Mulls Case Against Ex-Execs As SDNY Navigates Virus

    A Manhattan jury on Monday deliberated fraud charges against two former MiMedx Group Inc. executives accused of cheating investors, after a three-week criminal trial in the Southern District of New York that so far has successfully managed the dangers posed by the COVID-19 pandemic.

  8. October 26, 2020

    Rakoff Opens SDNY Fraud Trial With Dig At Pence On Virus

    Manhattan U.S. District Judge Jed S. Rakoff presided Monday over the opening of the Southern District of New York's first white-collar fraud trial since the onset of COVID-19 — and he found time before jury selection began to take a swipe at Vice President Mike Pence on virus safety.

  9. October 05, 2020

    SDNY Jury Trial Of Ex-MiMedx Execs Set For End Of October

    The trial of two former top executives of MiMedx Group Inc. over a purported accounting fraud scheme is scheduled to begin at the end of the month with enhanced protections in light of COVID-19, in what could be one of the first white collar jury trials in Manhattan federal court since the rise of the pandemic.

  10. March 16, 2020

    'Outsourcing' Ruling Will Remain Outlier If Judges Don't Bite

    It has been nearly a year since a federal judge shook the status quo in the white collar bar by ruling that prosecutors had improperly "outsourced" an investigation to Paul Weiss, but attempts by defendants in other cases to get a similar ruling face a high bar, including convincing judges to grant access to key evidence.