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Ex-Spectranetics Corporation (SPNC) CEO's Conviction Stands



3/6/2014 7:55:00 AM

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A federal appeals court denies ex-Spectranetics CEO John Schulte's bid to overturn his conviction on a single count of lying to the FBI and declines to revisit the case. Former Spectranetics (NSDQ:SPNC) CEO John Schulte's 2012 conviction on a single count of lying to federal investigators survived his appeal to an appeals court, meaning his sentence of a year's probation will stand. Schulte was convicted in March 2012 for his role in the allegedly illegal importation of medical devices for a clinical trial and sentenced later that year.

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