Medical Co. Says Adviser Misled It On Risks Of Going Public

Law360, Houston (November 20, 2012, 11:00 PM EST) -- A medical services provider on Tuesday launched a suit in Texas court against California-based Nobis Capital Advisors Inc., alleging it paid $3 million to the financial advisory firm and that the firm misled it about the risks and benefits of becoming a publicly traded company.

First Surgical Partners Inc. claims that Nobis convinced it to merge with an existing public company with a “grossly overestimated” projection that the deal would increase First Surgical’s value to $75 million and broken promises that the reverse merger would not...
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