Sponsored by Lane Powell
Home Must Reads Lawyer blasts bankrupt HemCon

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

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


Read more...

Is this employee right?

Contributed Blogs
Wednesday, August 13, 2014
081314 thumb employeefeelingsBY TOM COX | OB BLOGGER

When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


Read more...

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

Molecular Movies

September 2014
Wednesday, August 27, 2014
BY LINDA BAKER

Dr. Chong Fang isn’t God. But the assistant professor of chemistry at Oregon State University is getting closer to figuring out how he put everything together. 


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


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