SEC Sues ATI Medical Executive: A co-founder...
From Times Staff and Wire Reports
SEC Sues ATI Medical Executive: A co-founder of ATI Medical Inc. was sued by the federal government for allegedly manipulating ATI’s stock to inflate its price. Michael Kaufman, who also was chairman of the Glendale-based medical equipment rental company from 1982 until late-1987, was sued in U.S. District Court in Los Angeles by the SEC. Kaufman neither admitted nor denied the allegations but agreed not to violate securities laws in the future and to return $180,331 in trading profits plus interest, the SEC said.
