litigation
confidence high
sentiment negative
materiality 0.65
SeaStar Medical faces derivative lawsuit over alleged false FDA approval statements
SeaStar Medical Holding Corp
- Filed Dec 13, 2024 in US District Court for Colorado by shareholder Jose Lazo.
- Defendants include CEO Eric Schlorff, former CFO, and certain current/former directors.
- Alleges false/misleading statements about FDA prospects for Selective Cytopheretic Device and deficient internal controls.
- Claims violations of Exchange Act Sections 14(a), 10(b), 21D, plus breach of fiduciary duty and unjust enrichment.
- Seeks damages, restitution, and injunctive relief; substantially similar to a prior class action disclosed July 2024.