Guided Therapeutics Inc (GTHP)

[Pacjd]

A retired attorney has filed a complaint against attorney Richard Paul Blumberg, now a Director of Guided Therapeutics, Inc (“GTI”), ticker symbol: GTHP, to revoke Blumberg’s license to practice law in Washington State.

Press release: 12-5-23, 12:45 PM ET Legal Newswire POWERED BY LAW.COM

The filed disbarment complaint against attorney Richard Paul Blumberg is based on:


1) Mr. Blumberg, Esq., in connection with fundraising, engaged in conduct that violated Massachusetts securities laws, Massachusetts law barring unfair and deceptive trade practices, and Massachusetts law against conspiracy.

Messrs. Mark L. Faupel, now President and Chief Executive Officer of GTI GTHP, as well as Richard P. Blumberg, Esq., an attorney from the Seattle, Washington area, Blumberg now a Director of GTI GTHP, and Blumberg, Esq., and the other defendants brought a motion for summary judgment to try and end GIUL’s claims against them without trial. A judge of the Massachusetts Superior Court has now ruled denying the motion for summary judgment as to the securities claim, the unfair and deceptive trade practice claim, and the conspiracy claim and permitted these three claims to go to trial.