How 'bout that new law suit ladies

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No Joeking said:
What about all the docs he paid off. Like pronovost, barker, ramsay and so on. They next? His email must have been a pandora's box.
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OMG scores of them!
And other crimes. Imagine the body count that’s lurking below the surface of that Cesspool. Corporate governance scandals Joe’s facing just this month alone (i.e. Sept ‘24) include employee coercion, fiduciary negligence, empty voting/scheming with investment firm(s), entrenchment, sharing confidential info with investors prior to public release, and multiple accounting violations…
Geez… Did I miss anything??
 






anonymous said:
OMG scores of them!
And other crimes. Imagine the body count that’s lurking below the surface of that Cesspool. Corporate governance scandals Joe’s facing just this month alone (i.e. Sept ‘24) include employee coercion, fiduciary negligence, empty voting/scheming with investment firm(s), entrenchment, sharing confidential info with investors prior to public release, and multiple accounting violations…
Geez… Did I miss anything??
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Telltale symptoms of greasy soul
 






Joe Kiani is demanding $400 million in severance payments from Masimo after being sacked as board chair. Kiani has filed a lawsuit against his former company, claiming he is entitled to the payout under provisions typically tied to the sale of a company.

Kiani resigned as chief executive of Masimo after last week’s board election. In his resignation letter to the board demanding the payout, he wrote: “I am deeply disappointed by the way you have treated me and undermined my leadership and vision for the company.”
Financial Times - September 25, 2024
https://www.ft.com/content/7e0ab8aa-8699-403e-8857-34ef955ff798
 






anonymous said:
Joe Kiani is demanding $400 million in severance payments from Masimo after being sacked as board chair. Kiani has filed a lawsuit against his former company, claiming he is entitled to the payout under provisions typically tied to the sale of a company.

Kiani resigned as chief executive of Masimo after last week’s board election. In his resignation letter to the board demanding the payout, he wrote: “I am deeply disappointed by the way you have treated me and undermined my leadership and vision for the company.”
Financial Times - September 25, 2024
https://www.ft.com/content/7e0ab8aa-8699-403e-8857-34ef955ff798
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So much for caring about his employees and the company. Greedy fool
 






anonymous said:
So much for caring about his employees and the company. Greedy fool
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Clearly… his total lack of regard & loyalty to his employees is being reciprocated in kind. Touché beeeotch!

“Interestingly, COO Bilal Muhsin, who had threatened to leave Masimo if Politan won control of the board, appears to be staying put, along with CFO Micah Young. We also have yet to see the mass exodus that had been suggested by hundreds of engineer signatures on a letter endorsing Kiani. "We think investors are likely to be encouraged that management turnover appears limited to just Joe Kiani," Mike Matson, a medtech analyst at Needham & Co., wrote in a report Wednesday.
https://www.mddionline.com/business/joe-kiani-s-tumultuous-end-at-masimo
 






After suffering maybe the cringiest, career-ending presidential debate ever, Biden ducked out to Kiani’s chill pad for a bit. No doubt to collect himself & regroup. And hey… maybe ink a few Spo2 deals in return, for his generous host & mega donor-buddy & PCAST Member Joe.

Biden lies low at Democratic donor Joe Kiani’s estate near Santa Barbara
Los Angeles Times, August 23, 2024
“Masimo has received millions in federal contracts from three agencies since Biden took office in January 2021. While the firm had received contracts in prior administrations, the members wrote, Kiani’s close ties to Biden created “the appearance that he is benefiting from his political contributions.”
https://www.latimes.com/california/...tion-estate-of-democratic-megadonor-joe-kiani
 












anonymous said:
Anyone surprised?

Apple Beats Masimo's Allegations Of Misleading USPTO
October 7, 2024, 11:15 PM EDT
Apple did not deceive the U.S. Patent and Trademark Office when obtaining design patents, a Delaware federal judge ruled Monday, shooting down a key argument from Masimo Corp.
https://www.law360.com/amp/articles/1887633
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No go Joe…
You can’t claim other peoples patents including them in your application. . merely and fingertips patent application, illustrations, neither plastic nor anyone’s fingertips fall within the rightful scope of your patent.

US court upholds rulings for Apple in Masimo smartwatch patent fight

“The U.S. appeals court on Tuesday upheld U.S. Patent Office tribunal decisions invalidating parts of about a dozen patents owned by health-monitoring company Masimo in their dispute over Apple Watch technology, including patents that Masimo has accused the tech giant of infringing. The U.S. Court of Appeals for the Federal Circuit affirmed that the relevant parts of Masimo's patents were invalid based on earlier publications that disclosed the same inventions.”

https://www.reuters.com/legal/litig...le-masimo-smartwatch-patent-fight-2023-09-12/
anonymous said:
Anyone surprised?

Apple Beats Masimo's Allegations Of Misleading USPTO
October 7, 2024, 11:15 PM EDT
Apple did not deceive the U.S. Patent and Trademark Office when obtaining design patents, a Delaware federal judge ruled Monday, shooting down a key argument from Masimo Corp.
https://www.law360.com/amp/articles/1887633
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Not even Joe gets to patent other peoples patents. Or to claim ownership of things we all get to enjoy at will. like the moon .

US court upholds rulings for Apple in Masimo smartwatch patent fight
“The U.S. appeals court on Tuesday upheld U.S. Patent Office tribunal decisions invalidating parts of about a dozen patents owned by health-monitoring company Masimo in their dispute over Apple Watch technology, including patents that Masimo has accused the tech giant of infringing. The U.S. Court of Appeals for the Federal Circuit affirmed that the relevant parts of Masimo's patents were invalid based on earlier publications that disclosed the same inventions.”
https://www.reuters.com/legal/litig...le-masimo-smartwatch-patent-fight-2023-09-12/
 






Imagine that. The Patient Safety Movement Foundation’s CEO, Joe Kiani, was ordered to recall his own company’s medical device, oddly enough for its role/implication in multiple patient deaths. Patient safety not so much, but rather…patient deaths.

How Joe Kiana was ousted
October 9, 2024 - Med Device Network
“Kiani stated that ‘no patient was harmed’ in a May 2024 investor meeting in relation to a Class I recall of the company’s Rad-G pulse oximeters which was prompted following two patient deaths.”
https://www.medicaldevice-network.c...ceo-was-ousted-by-activist-investors/?cf-view
 












anonymous said:
Imagine that. The Patient Safety Movement Foundation’s CEO, Joe Kiani, was ordered to recall his own company’s medical device, oddly enough for its role/implication in multiple patient deaths. Patient safety not so much, but rather…patient deaths.

How Joe Kiana was ousted
October 9, 2024 - Med Device Network
“Kiani stated that ‘no patient was harmed’ in a May 2024 investor meeting in relation to a Class I recall of the company’s Rad-G pulse oximeters which was prompted following two patient deaths.”
https://www.medicaldevice-network.c...ceo-was-ousted-by-activist-investors/?cf-view
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In February 2024 Masimo falsely reported to the FDA a total quantity of just 59 effected Rad-G units to be recalled worldwide; while the SEC affirmed the correct total at no fewer than 7,600 units. Although Masimo spokesperson Matt Whewell did later acknowledge the company’s falsely-reported quantity, albeit discretely to MedTech Dive, no such discrepancy was ever reported to the FDA—as of this archive/posting 10/14/2024:
https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfres/res.cfm?id=206569
 






anonymous said:
In February 2024 Masimo falsely reported to the FDA a total quantity of just 59 effected Rad-G units to be recalled worldwide; while the SEC affirmed the correct total at no fewer than 7,600 units. Although Masimo spokesperson Matt Whewell did later acknowledge the company’s falsely-reported quantity, albeit discretely to MedTech Dive, no such discrepancy was ever reported to the FDA—as of this archive/posting 10/14/2024:
https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfres/res.cfm?id=206569
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It appears MASI’s 8-k filing months later (June 7) to the SEC about that fateful “miscalculation” came a day late & dollar short. Both the DOJ & SEC had already served Joe & co. with subpoenas by that point, and dueling civil investigations into the recalled devices and certain other unrelated alleged crimes, including accounting irregularities, internal control deficiencies, etc. Can ‘o worms Я us!
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000937556/704daa8f-6044-4dce-b572-d9175f4ac80a.pdf
 






anonymous said:
It appears MASI’s 8-k filing months later (June 7) to the SEC about that fateful “miscalculation” came a day late & dollar short. Both the DOJ & SEC had already served Joe & co. with subpoenas by that point, and dueling civil investigations into the recalled devices and certain other unrelated alleged crimes, including accounting irregularities, internal control deficiencies, etc. Can ‘o worms Я us!
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000937556/704daa8f-6044-4dce-b572-d9175f4ac80a.pdf
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True but that’s not what has Feds panties in a bunch. The real issue is over Masimo’s inexplicable 6-month delay initiating the recall of its faulty Rad-G devices. Note the company had announced its decision to do so last summer (August 2023), in connection with an issue that caused—in Masimo speak—“an unintentional change in the power state of the device.” In other words, their Rad-G’s were powering off without reason or warning, leaving many unsuspecting monitor-dependent patients precariously unmonitored—and, tragically, unbeknownst to their respective care providers. Despite this having definitively resulted in at least two known patient deaths, however, Masimo waited six whole months to initiate the recall (February 14, 2024).

The rest is history. Joe Kiani received a subpoena from the DOJ one week later, on Feb 21, followed by a “Civil Investigative Demand” from the DOJ the following month (March 25).

Hmm…. How the hell is Mr. Kiani going to explain to the Feds why he waited 6 mos to recall his hazardous devices, esp. in light of his professed expertise & sworn commitment to PATIENT SAFETY? Good luck buying this one off.
United States Securities & Exchange Commission: Form 10-Q
August 6, 2024
https://s24.q4cdn.com/336820108/fil...a2f615-84ac-4766-8355-5abf01e3bd3c.pdf#page59
 






anonymous said:
True but that’s not what has Feds panties in a bunch. The real issue is over Masimo’s inexplicable 6-month delay initiating the recall of its faulty Rad-G devices. Note the company had announced its decision to do so last summer (August 2023), in connection with an issue that caused—in Masimo speak—“an unintentional change in the power state of the device.” In other words, their Rad-G’s were powering off without reason or warning, leaving many unsuspecting monitor-dependent patients precariously unmonitored—and, tragically, unbeknownst to their respective care providers. Despite this having definitively resulted in at least two known patient deaths, however, Masimo waited six whole months to initiate the recall (February 14, 2024).

The rest is history. Joe Kiani received a subpoena from the DOJ one week later, on Feb 21, followed by a “Civil Investigative Demand” from the DOJ the following month (March 25).

Hmm…. How the hell is Mr. Kiani going to explain to the Feds why he waited 6 mos to recall his hazardous devices, esp. in light of his professed expertise & sworn commitment to PATIENT SAFETY? Good luck buying this one off.
United States Securities & Exchange Commission: Form 10-Q
August 6, 2024
https://s24.q4cdn.com/336820108/fil...a2f615-84ac-4766-8355-5abf01e3bd3c.pdf#page59
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Does he need to respond? The joker copped out a month ago when he was kicked off the BOD
 






anonymous said:
Does he need to respond? The joker copped out a month ago when he was kicked off the BOD
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Funny you should ask. Evidently, Masimo is waging holy war against its former Ass-in-Chief, Joe Kiani, in the form of multi lawsuits, holding him personally accountable for offenses reported anonymously here for years (and more recently in whistleblower employee suit), including dereliction of fiduciary duty, criminal negligence and other heartwarming offenses—a whole host of allegations from which the company is now facing in the wake of Kiani’s disgraceful, involuntary departure from the BOD.

Masimo Corp. is suing founder Joe Kiani—who lost a takeover fight last month against Politan Capital Management LP—saying he tried to rig the shareholder vote.
“The health technology company—its board led by former Politan nominees—filed a pair of lawsuits against Kiani on Oct. 25. One of the complaints, in Delaware, isn’t yet publicly available. The other, in a federal court in Manhattan, says Kiani and RTW Investments LPcolluded on an “empty voting” scheme aimed at manipulating the company’s board election.”
DOCKET #24-cv-8147 and #2024-1086
https://news.bloomberglaw.com/healt...akeover-masimo-sues-founder-over-empty-voting
 






anonymous said:
Funny you should ask. Evidently, Masimo is waging holy war against its former Ass-in-Chief, Joe Kiani, in the form of multi lawsuits, holding him personally accountable for offenses reported anonymously here for years (and more recently in whistleblower employee suit), including dereliction of fiduciary duty, criminal negligence and other heartwarming offenses—a whole host of allegations from which the company is now facing in the wake of Kiani’s disgraceful, involuntary departure from the BOD.

Masimo Corp. is suing founder Joe Kiani—who lost a takeover fight last month against Politan Capital Management LP—saying he tried to rig the shareholder vote.
“The health technology company—its board led by former Politan nominees—filed a pair of lawsuits against Kiani on Oct. 25. One of the complaints, in Delaware, isn’t yet publicly available. The other, in a federal court in Manhattan, says Kiani and RTW Investments LPcolluded on an “empty voting” scheme aimed at manipulating the company’s board election.”
DOCKET #24-cv-8147 and #2024-1086
https://news.bloomberglaw.com/healt...akeover-masimo-sues-founder-over-empty-voting
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Hypocrisy at its finest!!

Masimo Infringed 2 Apple Watch Patents, Jury Finds
By Jeff Montgomery and Ryan Davis
October 25, 2024, 5:47 PM EDT
Healthcare tech company Masimo Corp. was found to have infringed two of Apple Inc.'s patents Friday at the close of a five-day U.S. District Court jury trial in Delaware”
https://www.law360.com/amp/articles/2251556
 






anonymous said:
Hypocrisy at its finest!!

Masimo Infringed 2 Apple Watch Patents, Jury Finds
By Jeff Montgomery and Ryan Davis
October 25, 2024, 5:47 PM EDT
Healthcare tech company Masimo Corp. was found to have infringed two of Apple Inc.'s patents Friday at the close of a five-day U.S. District Court jury trial in Delaware”
https://www.law360.com/amp/articles/2251556
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Trick or treat Joe! Too bad when it rains it pours.

Masimo Sues Ex-CEO Over 'Unprecedented' $450M Demand
By Katryna Perera
Law360 (October 31, 2024, 8:43 PM EDT )
“Masimo Corp. has sued its founder Joe Kiani in Delaware Chancery Court, seeking a declaration that a $450 million payout triggered in part by the founder's loss of control or his ouster as CEO and chairman is unenforceable, saying the amount is "unprecedented" and shouldn't be paid by shareholders who were simply exercising their voting rights.”
https://www.law360.com/articles/2254567
 






Masimo Has Evidence of Alleged Wrongdoing by Its Former CEO Joe Kiani; Terminates his Employment; Files Lawsuit Alleging He Violated Securities Law, by colluding with RTW Investments to create a group that violated federal securities laws.
Gary Yacoubian, Strata-Gee
October 30, 2024
https://www.strata-gee.com/masimo-t...-lawsuit-alleging-he-violated-securities-law/

Connor Hart, Wall Street Journal
October, 29, 2024
https://www.msn.com/en-us/money/companies/masimo-terminates-founder-kiani-as-ceo/ar-AA1t9JRB
 












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