Stem Cell Biz Facing Fraud Claims Declares Bankruptcy

Law360 (September 10, 2019, 4:39 PM EDT) -- A medical group facing a certified class action for its alleged fraudulent marketing of stem cell treatments has told a California federal court that it has filed for bankruptcy and will liquidate the business.

In a filing Monday, StemGenex Medical Group Inc. said it filed for Chapter 7 protection in California bankruptcy court last week and that it currently has just $300 in cash and $1 million in debts and other liabilities.

StemGenex patients Selena Moorer, Rebecca King, Jennifer Brewer and Alexandra Gardner filed suit in 2014 saying they and others had been fraudulently induced by claims on the California-based group's...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!