Taser lower on charges from California jury

Monday, June 09, 2008

Taser lower on charges from California jury

June 9, 2008
Jennifer Schonberger, smallcapinvestor.com

Shares of Taser International, Inc. (Nasdaq:TASR) are lower in pre-market trading after a California jury penalized the stun-gun maker Saturday for contributing to the death of Robert Heston in February 2005. The jury charged the Scottsdale, Ariz.-based firm with roughly $1 million in compensatory damages and $5.2 million in punitive damages, stating that Taser’s ECD contributed 15% to the death of Mr. Heston.

Shares fell 7.2%, or $0.50, to $6.40 in pre-market trading.

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ROBERT ANGLEN

Robert Anglen, a reporter with The Arizona Republic, documented the first 167 Taser-related deaths. Mr. Anglen launched a journalistic investigation of Taser International, linking the Taser to multiple deaths, among other eye-openers.

At the 2005 Arizona Press Club Awards, Mr. Anglen won first place in the Investigative reporting category. He was the recipient of the Don Bolles Award for his report entitled "Taser tied to 'independent' study that backs stun gun'. “As part of an extraordinarily thorough investigation of Taser International, Anglen uncovered ‘smoking gun’ documents that showed the manufacturer was heavily involved in the key study that purported the devices are safe. Anglen also uncovered conflicts of interest and documented wide-spread problems with Taser safety — a matter of national and international public interest.”

In 2006, Mr. Anglen was a runner up for the Arizona Press Club's Virg Hill Journalist of the Year award. Peter Bhatia of The Oregonian wrote “Robert Anglen is an investigative reporter, pure and simple. Clearly, he is a reporter who, once he sinks his teeth into something, stays with it until the story is done. His ongoing work around the company that makes Tasers speaks to that."

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Monday, June 09, 2008