MiMedx Group, Inc., Parker H. Petit, William C. Taylor, Michael J. Senken

Financial Fraud

SANCTION AMOUNT: $1500000

Defendants: MiMedx Group, Inc.
Parker H. Petit, William C. Taylor, Michael J. Senken

Settlement by the entity defendant of charges that it prematurely recognized revenue from sales to its distributors and exaggerated revenue growth for years, after entering into undisclosed side arrangements with five distributors.

Key Docs
Official SEC press release

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November 26, 2019

MiMedx Group, Inc., Parker H. Petit, William C. Taylor, Michael J. Senken

Financial Fraud

SANCTION AMOUNT: $1500000

Defendants: MiMedx Group, Inc.Parker H. Petit, William C. Taylor, Michael J. Senken

Defendants: MiMedx Group, Inc.
Parker H. Petit, William C. Taylor, Michael J. Senken