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Associated Press
a day ago
- Business
- Associated Press
Life Spine Files Lawsuit Against Former CEO Michael Butler for Breaches of Fiduciary Duties and Contracts, Trade Secret Misappropriation, and Tortious Interference
HUNTLEY, Ill.--(BUSINESS WIRE)--Jun 24, 2025-- Life Spine, Inc., a leading medical device company specializing in spinal surgery innovations, announced today that it has filed a lawsuit in the Circuit Court of Cook County, Illinois, against its former Chief Executive Officer, Michael Butler. In the lawsuit, Life Spine alleges that Mr. Butler wrongfully diverted hundreds of thousands of dollars from the company through a sham importer entity he controlled and funded with Life Spine resources, directed the company to pay his personal expenses in amounts very likely exceeding $1 million—including vacations, jewelry, custom golf clubs and a Porsche for his spouse—and retained possession of highly sensitive intellectual property after his termination. The complaint further alleges that Butler has interfered with Life Spine's critical overseas manufacturing relationships and attempted to sabotage strategic business transactions by sharing non-public information. 'Life Spine takes seriously its duty to protect its employees, partners, and customers from any misconduct that threatens our operations,' said a company spokesperson. The lawsuit is pending in the Chancery Division of the Cook County Circuit Court in Case No. 2025 CH 06287. Life Spine is represented by Michael T. Layden, David Jorgensen, and Jon Spanbauer of Croke Fairchild Duarte & Beres LLC. About Life Spine Founded in 2004 and headquartered in Huntley, Illinois, Life Spine is dedicated to developing innovative, high-quality medical devices that improve the lives of patients suffering from spinal disorders. The company's comprehensive portfolio includes advanced spinal implants, instruments, and procedural solutions for minimally invasive surgery. View source version on CONTACT: Media Contact: Michael Layden Croke Fairchild Duarte & Beres LLC (312) 641-0881 [email protected] KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS INDUSTRY KEYWORD: PROFESSIONAL SERVICES MEDICAL DEVICES HEALTH SURGERY LEGAL GENERAL HEALTH SOURCE: Life Spine, Inc. Copyright Business Wire 2025. PUB: 06/24/2025 11:50 AM/DISC: 06/24/2025 11:49 AM
Yahoo
a day ago
- Business
- Yahoo
Life Spine Files Lawsuit Against Former CEO Michael Butler for Breaches of Fiduciary Duties and Contracts, Trade Secret Misappropriation, and Tortious Interference
HUNTLEY, Ill., June 24, 2025--(BUSINESS WIRE)--Life Spine, Inc., a leading medical device company specializing in spinal surgery innovations, announced today that it has filed a lawsuit in the Circuit Court of Cook County, Illinois, against its former Chief Executive Officer, Michael Butler. In the lawsuit, Life Spine alleges that Mr. Butler wrongfully diverted hundreds of thousands of dollars from the company through a sham importer entity he controlled and funded with Life Spine resources, directed the company to pay his personal expenses in amounts very likely exceeding $1 million—including vacations, jewelry, custom golf clubs and a Porsche for his spouse—and retained possession of highly sensitive intellectual property after his termination. The complaint further alleges that Butler has interfered with Life Spine's critical overseas manufacturing relationships and attempted to sabotage strategic business transactions by sharing non-public information. "Life Spine takes seriously its duty to protect its employees, partners, and customers from any misconduct that threatens our operations," said a company spokesperson. The lawsuit is pending in the Chancery Division of the Cook County Circuit Court in Case No. 2025 CH 06287. Life Spine is represented by Michael T. Layden, David Jorgensen, and Jon Spanbauer of Croke Fairchild Duarte & Beres LLC. About Life Spine Founded in 2004 and headquartered in Huntley, Illinois, Life Spine is dedicated to developing innovative, high-quality medical devices that improve the lives of patients suffering from spinal disorders. The company's comprehensive portfolio includes advanced spinal implants, instruments, and procedural solutions for minimally invasive surgery. View source version on Contacts Media Contact: Michael LaydenCroke Fairchild Duarte & Beres LLC(312) 641-0881mlayden@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
