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

Photo Log: Shooting 10 innovators in rural health care

The Latest
Monday, August 03, 2015
007blogBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

You may have noticed the photos of our rural health innovators departed from the typical Oregon Business aesthetic.


Read more...

Bendafornia: What’s driving the Northern California migration?

Contributed Blogs
Wednesday, August 05, 2015
bendiforniathumbBY KEN MAES

A huge migration from Northern California has contributed to average 16% growth per year since 1990.


Read more...

Aim High

September 2015
Thursday, August 20, 2015
BY JOE CORTRIGHT

We get the education we deserve.


Read more...

Is there life beyond Reed?

September 2015
Wednesday, August 19, 2015
BY GARY THILL | PHOTOS BY JASON E. KAPLAN

A storied institution climbs down from the ivory tower.


Read more...

Preserving the Legacy

July/August 2015
Monday, July 13, 2015
BY KIM MOORE | PHOTOS BY JASON E. KAPLAN

A New York floral and gift business takes on the iconic Harry & David brand.


Read more...

Up on the Roof

September 2015
Wednesday, August 19, 2015
BY LINDA BAKER

In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction. 


Read more...

Living the dream

News
Friday, August 21, 2015

smugglespearsthumbRenee Spears, founder and owner of Portland-based Rose City Mortgage, is hot to trot to sell pot.


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