January 2024
Parr Brown Gee & Loveless today announced that shareholder Jonathan O. Hafen, the Court-appointed Receiver in the Rust Rare Coin Ponzi scheme, has made three initial distributions to victims totaling $23,273,521.88. For well over a decade, Gaylen Rust defrauded hundreds of victims by falsely claiming that he was operating a lucrative silver bullion trading program. Rust used the highly regarded Salt Lake City coin shop started by his father as a front for the fraud. Rust told prospective investors that all of the silver trades were conducted through a Rust Rare Coin account at HSBC Bank and that profits generated
Parr Brown Gee & Loveless recently advised Merit Medical Systems Inc. in connection with its Rule 144A offering of $747.5 million in aggregate principal amount of its 3.00% senior notes due 2029 and the capped call transactions entered by Merit in connection with the offering. Merit intends to use the net proceeds from the offering to pay the cost of the capped call transactions and for general corporate purposes. Merit Medical Systems, Inc. is a leading manufacturer and marketer of proprietary medical devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care and endoscopy. Merit
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