Latest news with #LifeSpine
Associated Press
17 hours 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
Business Wire
17 hours ago
- Business
- Business Wire
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)--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.
Yahoo
17 hours 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
Yahoo
01-04-2025
- Business
- Yahoo
Life Spine, Inc. Appoints Richard Mueller as President & Chief Executive Officer
HUNTLEY, Ill., April 01, 2025--(BUSINESS WIRE)--Life Spine, Inc., a leading medical device company specializing in the design, development, and manufacturing of innovative products for the surgical treatment of spinal disorders, announces Richard Mueller as its new President & Chief Executive Officer (CEO). Mr. Mueller joined Life Spine, Inc. in 2015 as Chief Operating Officer (COO), bringing with him over 30 years of experience in the medical device industry. Prior to his tenure at Life Spine, Inc., he held executive leadership roles at TransEnterix, Inc. and NuVasive, Inc. His extensive background in strategic operations and product innovation has been instrumental in the company's continued growth and leadership in Micro Invasive™ solutions for spine surgery. "The Life Spine, Inc. Board is excited to have Mr. Mueller as the next President & CEO," said Ken Hachikian, Chairperson of the Board. "During his time as COO, Life Spine, along with its talented leadership team and employees, has remained at the forefront of Micro Invasive products and procedures. We look forward to the team's continued success under his leadership." "The company has made remarkable progress in advancing innovative, minimally invasive spinal solutions, and I am excited to collaborate with our exceptional team to continue delivering groundbreaking technologies that enhance patient outcomes and elevate the standard of care. Together, we will build on our successful achievements and continue to drive sustained growth," said Richard Mueller. Mr. Mueller is a graduate of Case Western Reserve University, where he also serves on the Board of Trustees. His appointment as CEO continues Life Spine's mission to advance spinal healthcare through innovation and excellence. For more information, please contact: Heather Glaser at hglaser@ About Life Spine, Inc. Life Spine is dedicated to improving the quality of life for spinal patients by increasing procedural efficiency and efficacy through innovative design, uncompromising quality standards, and driving the most technologically advanced manufacturing platforms. Life Spine, which is privately held, is based in Huntley, Illinois. For more information, please visit: View source version on Contacts Mr. Omar FaruqiChief Financial Officerofaruqi@ 847-884-6117 Sign in to access your portfolio
Associated Press
18-02-2025
- Business
- Associated Press
Life Spine Announces FDA 510(k) Clearance for the GRUVE® + Cervical Plating System
HUNTLEY, Ill.--(BUSINESS WIRE)--Feb 18, 2025-- Life Spine, Inc., a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spinal disorders, announced today that it has received clearance from the U.S. Food & Drug Administration (FDA) to market GRUVE + Cervical Plating System. GRUVE + (plus) Cervical Plating System establishes a new standard in spinal surgery through its advanced design and seamless integration with Life Spine's cervical spacers. Engineered for versatility and precision, it addresses the diverse needs of surgeons and patients, enhancing surgical efficiency and outcomes. This innovation reflects Life Spine's commitment to delivering cutting-edge solutions for superior spine care. Key Features and Benefits: Streamlined Plate-Cage Attachment: Flexible connection in-situ or prior to insertion. Specialized Sub-Flush Design: Accommodates osteophytes for improved comfort. Customizable Plate Options: 2-hole and 4-hole configurations for anatomical preferences. Self-Drilling/Self-Tapping Screws: High angulation trajectory for varied anatomies. CAM Locking Mechanism: Triple feedback (visual, tactile, audible) to secure screws and prevent back-out. Compatibility: Integrates with PLATEAU ® -C/PLATEAU-C Ti and Pro-Link ® /Pro-Link Ti platforms. Large Graft Window: Maximizes material containment for robust fusion. 'This FDA 510(k) clearance marks a significant milestone,' said Mariusz Knap, Senior Vice President of Marketing. 'GRUVE + offers seamless plate/cage attachment and delivers the precision, safety, and adaptability surgeons demand while improving outcomes for patients.' About Life Spine, Inc. Life Spine is dedicated to improving the quality of life for spinal patients by increasing procedural efficiency and efficacy through innovative design, uncompromising quality standards, and the most technologically advanced manufacturing platforms. Life Spine, which is privately held, is based in Huntley, Illinois. For more information, please visit: SOURCE: Life Spine, Inc. Copyright Business Wire 2025. PUB: 02/18/2025 12:07 PM/DISC: 02/18/2025 12:07 PM
