Palmaz Scientific faces accusations of misleading investors

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Investment bank Jefferies & Co. and a bankrupt company founded by the inventor of the first heart stent are in a dispute over accusations of improper stock sales, the San Antonio Express-News reports. 

Lawyers representing Jefferies have accused Palmaz Scientific of listing Jefferies on its marketing materials after the companies severed ties. A lawyer for Palmaz Scientific, which was founded by Julio Palmaz, MD, said Jefferies never terminated its contract with the company.

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