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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.