US Stem Cell Inc (USRM)

[Poor Man -]

Wow is Right!

Good find HD.

Is this a potential SEC disclosure violation?

USRM 2nd "EYE DAMAGE" LAWSUIT info, WOW !!

Remember the lawsuit(s) that USRM (formerly known as Bioheart), the lawsuit(s) they indicated THEY PAID OUT SETTLEMENTS ON (see most recent SEC filings)- well, the "puzzle" for me was that only ONE suit kept showing up in the Broward County 17th circuit court public access portal, but the SEC filings mentioned TWO people who had their eyes damaged severely at the USRM/Comella run little stem cell "clinic" biz thingy they started, and that USRM the public company now owns 1/3 of, and that TWO plaintiffs had sued.

WELL, turns out that the 2nd plaintiff, "Patsy Bade" filed her suit in Miami-Dade county, and that's why it never showed up on the Broward County clerk of the court site. SHAZAM. So to read that case, one must go to the Miami-Dade clerk of the court site, plug in "Bioheart" and WHAMMO, they find the "Bade" case as filed against USRM/Bioheart among several other defendants. AND IT'S A STUNNING "read" to me. WOWZA.

Again, USRM has indicated they've already paid settlements to both plaintiffs (via their corporate insurance policies apparently)- but the details of the case, this newly found "Bade" case details, IT IS A STUNNER IMO. I MEAN A STUNNER. The case is still pending against the MD who U.S. Stem Cell Clinic uses/works with (at least used to work with, PAST TENSE, I don't think she'll touch USRM and the "clinic" anymore per reading the court case), and a recent "AMENDED COMPLAINT" was filed in the Miami-Dade court, and it specifically discusses/alleges some DOOZIE info about USRM's Chief Science Officer Kristin Comella AND how USRM apparently "does business" in general- I mean major, serious allegations. WHOPPERS to me. Yuuuuge, like whopper info seems to me.

Here's the history again:

TWO people alleged in what's now clearly TWO separate lawsuits (they originally appeared to be one lawsuit, that's what was confusing, at least to me) that U.S. Stem Cell Clinic "treated" them for "eye" problems, supposedly "Macular Degeneration" I believe, and "WERE TOLD" (that's a key allegation) that it was part of some LEGIT "clinical trial" being conducted by USRM. Plaintiffs were Elizabeth Noble and Patsy Bade according to public court filings.

Here's the last filed 10-Q, stating how USRM "settled" (meaning they PAID MONEY TO THE PLAINTIFFS, meaning the plaintiffs must of had a legit case against USRM, that USRM didn't want to see go to trial IMO)-

https://www.sec.gov/Archives/edgar/data/1388319/000118518516005669/usstemcell10q093016.htm