Newspaper article from our research archive:

Shareholders of Former Utah Sterilization Technology Firm File Fraud Lawsuit.

Byline: Bob Mims

Mar. 19--Nearly 40 shareholders in a former Utah sterilization technology company have filed a civil suit against the firm's top officers and its Illinois-based successor corporation, alleging state and federal securities fraud.

The U.S. District Court complaint, involving an estimated $2 million in stock purchases made in the now-defunct Bioxide Corp. during 1999-2000, also charges Bioxide founder David Derrick and one-time executive vice president William Kirton -- along with Bioxide's corporate reincarnation, Purizer Corp. -- with breach of contract, civil conspiracy, negligent misrepresentation, illegal conversion of funds and unjust enrichment.

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