MediConnect Exec Says Partner Cheated Him Out Of $64M

Law360, Los Angeles (October 9, 2013, 9:19 PM EDT) -- A health care service provider founder sued his former business partner in Utah federal court Wednesday for allegedly cheating him out of $64 million by buying out his shares before selling the company for almost $350 million to Verisk Analytics Inc.

The lawsuit raises allegations that Amy Anderson, who co-founded medical record analysis company MediConnect Global Inc. alongside plaintiff Naveen Trehan, negotiated a buyout of Trehan’s shares for nearly $9.2 million while concealing Verisk’s interest in acquiring the company.

“A material issue raised in these negotiations...
To view the full article, register now.




Case Information

Case Title

Trehan v. MediConnect Global et al

Case Number




Nature of Suit



Bruce S. Jenkins

Date Filed

October 9, 2013


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.