Lawyer blasts bankrupt HemCon

| Print |  Email
Must Reads
Thursday, August 02, 2012

Portland lawyer Jody Stahancyk bought nearly 30% of the first round of shares HemCon Medical Technologies, and is furious about the way the company's bankruptcy was handled.

For all its early promise, the company in bankruptcy showed assets of just $7 million and debts of $62 million.

In her letter, Stahancyk (who represented [co-founder Dr. Kenton] Gregory in a 1995 divorce) accused founders of failing to exercise control over HemCon.

“You each deserve a special place in hell for not facing the shareholders who invested in you,” Stahancyk, 64, wrote to HemCon’s board members and founders on July 5. “When the patient [HemCon] died, each of you Board Members should have signed the letter and made personal calls to shareholders. Your failure to be personally accountable speaks volumes of each of your lack of personal character.”

Read more at Willamette Week.

{biztweet}hemcon{/biztweet}

 

More Articles

Legislative Preview: A Shifting Balance

January-Powerbook 2015
Thursday, December 11, 2014
BY APRIL STREETER

Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.


Read more...

Which Way to Chinatown?

February 2015
Monday, January 26, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN

The Jade International District, already Portland's center of Asian life, is poised for rejuvenation. Where does that leave the westside's historic Chinatown?


Read more...

Powerbook Perspective

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

A conversation with Oregon state economist Josh Lehner.


Read more...

Corner Office: Marv LaPorte

January-Powerbook 2015
Saturday, December 13, 2014

The president of LaPorte & Associates lets us in on his day-to-day life.


Read more...

MBA Perspective

February 2015
Tuesday, January 27, 2015
BY KIM MOORE

Robin Anderson, dean of the Pamplin School of Business, University of Portland: "You need people who are comfortable leading in ambiguity."


Read more...

Taking the lead in boosting Oregonians’ health and strengthening our economy

Contributed Blogs
Thursday, January 08, 2015
0108-injection-thumbBY CAMBIA HEALTH SOLUTIONS & OREGON BUSINESS COUNCIL | OP-ED

Businesses have a significant stake in the health of Oregonians. In fact, we cannot succeed without it. By committing to using our companies as levers for good health, we invest in our people, our business, our quality of life and our economy. 


Read more...

The Carbon Calculus

February 2015
Friday, January 23, 2015
BY KIM MOORE | OB RESEARCH EDITOR

Carbon pricing is gaining momentum in Oregon, sparking concern for energy-intensive businesses — but also opportunity to expand a homespun green economy.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS