Replies to post #19972 on eWellness Healthcare Corp. (EWLL)

[Penny Masters]

Strange the EWLL founded and hero CEO bailed. Hmmm he ran this for many many years and mant here said he was goping to take EWLL share holders to the promised land.

What happened?

[Penny Masters]

Is this the same Douglas MacLellan that was Chairman & CEO Radient Pharmaceuticals Corporation?

NEW YORK, May 21, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces a significant victory by investors in the Radient Pharmaceuticals Corporation (RXPC) investor class action pending in the U.S. District Court for the Central District of California in Santa Ana.

On May 20, 2013 the Court resolved motions for summary judgment filed by defendants Radient, Douglas MacLellan and Akio Ariura. The Court found that there were genuine disputes of material fact as to whether Radient and MacLellan committed securities fraud and denied their motions for summary judgment. The Court granted Ariura's motion and he is no longer a defendant.

This is a significant victory because it means that Court found that based on the evidence there are issues of fact that should be heard by a jury. The jury trial is scheduled to commence on November 12, 2013.

The action was originally filed in March 2011 and seeks to recover losses suffered by all purchasers of Radient common stock between January 18, 2011 and March 4, 2011, inclusive ("Class Period"). Plaintiffs assert that on January 18, 2011 Radient issued a materially false and misleading press release by falsely touting the prestigious Mayo Clinic's involvement in a clinical trial for Radient's product Onko-Sure. According to the complaint, when the market learned the truth that the Mayo Clinic was not involved in the Onko-Sure clinical trial as Radient represented, the price of Radient common stock declined damaging investors.