Paradigm Medical Industries, Inc.

Former executive officers, Thomas F. Motter, Mark R. Miehle, and John W. Hemmer and the surgical and diagnostic equipment manufacturer allegedly committed securities fraud. The US Fire Insurance Company has agreed to pay Paradigm Medical shareholders $1.5 million, Series E Convertible Preferred Stock shareholders $625,000, and a $2.5 million settlement to Innovative Optics, Inc. and Barton Dietrich Investments, L.P. (Feb-23-05) [BUSINESS WIRE]

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