Did this cybersecurity firm use a data breach for extortion?
In 2007, LabMD was a small but successful medical testing company based in Atlanta, processing lab samples for cancer patients — at its peak, the company employed about 40 people. Today, those employees are gone and LabMD survives largely as a shell company for CEO Michael Daugherty’s ongoing legal battle with the FTC.
“These people do damage. They scorch the earth,” Daugherty says. His battle with the commission is now eight years old, and has splintered off into a defamation suit, a defamation countersuit, and a self published book about his struggles, titled, The Devil Inside the Beltway. He has long since given up on medical testing as a business. “They’ve already killed us,” Daugherty says. “And they’re fine with that.”
Source:: The Verge