Investors Sue Duluth Startup GeaCom

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By Brooks Johnson, Duluth News Tribune

“Investors are suing Duluth’s GeaCom Inc. for millions of dollars, alleging the medical device maker fraudulently led them to buy stakes in the company, according to court filings.

Five minority shareholders, who together invested more than $3.5 million into GeaCom, want to “recover the investment induced by … false statement regarding pending sales,” according to court documents filed in February.”

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