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Stradling

Medical Venture Capital Company Favorably Resolves Partnership Dispute

  • Orange County Superior

Obtained a favorable settlement for a medical venture capital company, a for-profit entity under a Southern California health care system. Our client was a general partner in a partnership that contracted with an Orange County hospital to provide MRI services to the hospital's patients. In 2012, the partnership sued our client for fraud, breach of fiduciary duty, and breach of contract based on allegations that our client breached the partnership agreement by improperly competing with the partnership through another healthcare entity. After compelling the case to arbitration, we filed counterclaims against the partnership and the other partners.

While summary judgment motions were pending, we persuaded all of the parties in two separate lawsuits to attend mediation, which resulted in a settlement of both cases with our client as the only party receiving any compensation in either case.

The Newport Beach-based team included Marc SchneiderCraig Taggart and Ryan Smith.