MedQuist Inc. loses two top executives

0 Comments | Philadelphia Inquirer, The, May, 2007 | by Linda Loyd Inquirer Staff Writer

MedQuist Inc., the Mount Laurel transcriber of medical records that is under investigation by the Securities and Exchange Commission, has announced the resignations of two top executives and cash-settlement offers to some disgruntled customers and shareholders.

The company said last week that its president, Frank Lavelle, and chief operating officer, Linda Reino, have resigned. Howard S. Hoffmann, the chief executive officer for nearly three years, will assume the duties of president.

MedQuist's chief technology officer, Mark Ivie, and senior vice president of operations, Michael Clark, will together assume the responsibilities of chief operating officer.

The company said it will not fill the...