A federal district judge has overturned the convictions of two former executives of the Medical Manager physician software company that now is part of Sage Healthcare.
In March, John Kang, former president of Medical Manager; and John Sessions, former vice president and COO, were convicted of conspiracy to commit mail, wire and securities fraud. They were found guilty of participating in a conspiracy to fraudulently inflate reported earnings by more than $16.8 million between 1997 and 2003, according to the U.S. Department of Justice. Kang and Sessions faced maximum sentences of five years in prison and a fine of $250,000, or twice the amount of the related gain or loss resulting from the conduct.
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