Business Services Industry
Nasdaq Halts Trading on Irvine, Calif.-Based Firm amid Name Dispute.
Knight Ridder/Tribune Business News, February, 1999 by Crabtree, Penni
Knight Ridder/Tribune Business News
Feb. 27 -- What's in a name? A whole lot of trouble if someone hijacks it, as Trimedyne Inc. learned Friday.
The Nasdaq exchange halted trading of the company's shares Friday in the wake of a clerical mishap and the actions of an unscrupulous corporate name-raider, according to the firm's chief financial officer, Shane Traveller.
A Nasdaq official said the stock exchange is seeking "additional information" from the Irvine-based maker of surgical lasers before trading can resume.
Traveller was less restrained: "We're the victims of blackmail," he said.
Trimedyne's debacle began -- unknown to it -- in early 1998, when the Nevada Secretary of State's office sent the firm a routine request...
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