Nautic Unit Wants Out Of Swiped $45M Hospital Deal Dispute

Law360, Dallas (June 3, 2014, 8:37 PM EDT) -- A subsidiary of Nautic Partners LLC on Tuesday asked a Texas appeals court to let it out of a trade secrets case that accuses the private equity firm of helping former Cornerstone Healthcare Group Holdings Inc. executives usurp a $45 million hospital acquisition deal, arguing the state has no jurisdiction.

During oral argument in the Dallas Court of Appeals, Nautic Management VI LP said it should be viewed as a foreign defendant with no Texas contacts and released from the suit launched by Cornerstone, which is...
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