SinoFresh settles lawsuit over alleged misuse of funds
Published on December 16, 2005, Article 1 of 10 found.
(Sarasota Herald-Tribune (FL){PUBLICATION2, 714 words.)}
The legal saga that has dogged Sino-Fresh Healthcare since early 2004 is over, absolving the company and some of its management of alleged securities violations and giving SinoFresh $200,000 from the law firm that had originally defended it. The lawsuit against the small nasal and oral spray company was filed in February 2004 by a group of shareholders that included two members of the company's board of directors. It accused some top managers of misusing corporate funds and . . .
SinoFresh CFO resigns, gets job closer to home
Published on November 2, 2004, Article 2 of 10 found.
(Sarasota Herald-Tribune (FL){PUBLICATION2, 400 words.)}
Russell R. Lee III, who helped guide SinoFresh Healthcare through a bumpy first year as a publicly traded company, resigned effective Friday as the nasal spray company's chief financial officer. Lee has taken a position with a company closer to his home in the Sarasota-Bradenton area, said Michael Gillette, SinoFresh's director of marketing. It was "an opportunity he couldn't pass up," Gillette said. No one has been named to
Nasal-spray company stands divided against itself
Published on April 25, 2004, Article 3 of 10 found.
(Sarasota Herald-Tribune (FL){PUBLICATION2, 2335 words.)}
When Charles Fust and Stacey Maloney took a tour on the "True Player" in the spring of 2003, Andrew Badolato was a close business associate, if not friend. As he did several times, Badolato had lent Fust his boat. But this trip was particularly special: Fust planned to pop the question. Everett Setser was the couple's captain as they sailed from Marathon to become engaged with a ring that has since rubbed salt into an already sore relationship between the
SinoFresh plaintiffs add lawyer
Published on April 13, 2004, Article 4 of 10 found.
(Sarasota Herald-Tribune (FL){PUBLICATION2, 647 words.)}
The shareholders suing Sino- Fresh Healthcare and some of its top management have added a Sarasota lawyer to their team after a judge noted that their original attorney wasn't admitted to practice law in the Middle District of Florida. James E. Aker of Icard, Merrill, Cullis, Timm, Furen & Ginsburg has filed with the federal court to be additional counsel for the plaintiffs in the case involving the Englewood nasal spray company. The addition of Aker, who according
SinoFresh chief defends engagement ring purchase
Published on April 2, 2004, Article 5 of 10 found.
(Sarasota Herald-Tribune (FL){PUBLICATION2, 799 words.)}
SinoFresh Healthcare's Charles Fust is fighting back against one of the most personal allegations made against him in a recent lawsuit. A group of shareholders has accused the chairman and chief executive of, among other things, using company funds to buy an engagement ring for his wife. Now Fust is producing credit card statements, checks and other documents he says prove his innocence. The lawsuit names Fust and his wife, Stacey Maloney-Fust, who is a company director;
Ousted SinoFresh directors reinstated
Published on March 27, 2004, Article 7 of 10 found.
(Sarasota Herald-Tribune (FL){PUBLICATION2, 1149 words.)}
SinoFresh Healthcare has reinstated the two directors who were ousted from its board almost two months ago, one of the first public sparks in a firestorm still swirling around the small company. SinoFresh officials have not had a change of heart about Stephen Bannon and David Otto, whom they said were removed because they were "not sufficiently independent." Instead, the company is backtracking to address a discrepancy between federal and state rules, said SinoFresh
SinoFresh replaces its auditor
Published on March 12, 2004, Article 8 of 10 found.
(Sarasota Herald-Tribune (FL){PUBLICATION2, 966 words.)}
SinoFresh Healthcare, facing a lawsuit by shareholders that its attorneys called "a shot in the dark," dismissed its auditor last week. Boca Raton's Salberg & Co. had requested that an outside specialist review accounting issues related to the suit, which alleges securities violations by the nasal spray company and some of its top executives. In a filing with the Securities and Exchange Commission on Thursday, SinoFresh Healthcare revealed
Shareholders implore: 'Save Our SinoFresh'
Published on February 26, 2004, Article 9 of 10 found.
(Sarasota Herald-Tribune (FL){PUBLICATION2, 769 words.)}
A group of SinoFresh Healthcare shareholders is bypassing the courts and going straight to the company's chief executive with a simple appeal: "Save Our SinoFresh." SOS, or Save Our SinoFresh, is the name of a committee formed in the days after the filing of a lawsuit against the company. The suit names some committee members as plaintiffs and accuses SinoFresh executives of wrongdoing. The committee wants Chairman and CEO Charles Fust to cooperate in an
Class-action suit alleges wrongdoing by SinoFresh chiefs
Published on February 21, 2004, Article 10 of 10 found.
(Sarasota Herald-Tribune (FL){PUBLICATION2, 897 words.)}
SinoFresh Healthcare, the small nasal- and oral-spray maker that proved it could woo customers and investors alike, faces a new challenge now -- fighting allegations of wrongdoing by top executives of the company. Less than six months after it became a publicly traded company, some of the Englewood-based outfit's top executives are facing accusations of securities violations by shareholders and former directors. A class-action lawsuit filed Friday accuses SinoFresh chairman and
