The Ticker

Hub man convicted in mortgage fraud

Sirewl R. Cox, 37, of Boston was convicted late last week on charges relating to a massive mortgage fraud case.

A jury found Cox guilty on counts of wire fraud, bank fraud and conducting an unlawful monetary transaction. Sentencing is scheduled for Feb. 6.

In 2006 and 2007, Cox identified multiple-family buildings for sale and recruited straw buyers to purchase the buildings, prosecutors said. Cox and others then recruited straw buyers who obtained mortgages using false information to purchase individual units in buildings that Cox controlled.

Cox faces up to 60 years in prison, to be followed by 11 years of supervised release and a $1.5 million fine.

Abiomed discloses, disputes class action suit

Danvers-based Abiomed, which makes heart support technologies, disclosed Friday that a class action suit has been filed against the company and its officers over the marketing and labeling of its Impella 2.5 device. Abiomed, founded by the late David Lederman, right, said it has reviewed the complaint and believes the allegations are without merit. The company plans to vigorously defend itself.

The suit follows the company's disclosure earlier this month of a related Justice Department investigation, which sent shares plummeting 34 percent.

MONDAY

The Boston Redevelopment Authority holds a public meeting on developer First Bristol's plan for a 177-room Hilton Garden Inn and two restaurant/retail sites on Route 1A in East Boston, near Logan International Airport.

The Home for Little Wanderers officially opens its new Walpole campus following completion of an $18 million construction project and sale of its Jamaica Plain property.

TUESDAY

The U.S. Commerce Department releases housing starts for October.

WEDNESDAY

The Conference Board releases leading economic indicators for October.

THURSDAY

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