Financial Accounting

Ex-MiMedx Leaders Lose Bid to Nix Securities Fraud Convictions

Feb. 23, 2021, 5:14 PM

Two former MiMedx Group Inc. executives failed in their bids to overturn their convictions in a securities fraud case after a federal judge in New York rejected their evidence sufficiency-based requests for acquittal or a new trial.

Ex-CEO Parker H. Petit and former chief operating officer William Taylor argued that the government’s evidence against them was insufficient. But the evidence wasn’t “so meager” that a reasonable jury couldn’t “find guilt beyond a reasonable doubt,” the U.S. District Court for the Southern District of New York said.

A jury in November convicted Petit of securities fraud and Taylor of conspiracy...

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