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NantHealth (NH)'s Soon-Shiong Sued for Attempting to Take Over Altor BioScience for a Lowball Price



6/22/2017 6:37:07 AM

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NantHealth founder Patrick Soon-Shiong and two additional pharma executives are being sued by attorneys Boyden Grey and Adam Walden of Washington, D.C., for allegedly attempting to acquire the startup Altor Bioscience through a sweetheart deal.

The lawsuit, filed Wednesday, asserts that the deal in place benefits Soon-Shiong, Hing C. Wong and Fred Middleton -- all board members of Altor Bioscience. The deal comes at the expense of the minority shareholders, which breaches their fiduciary duty.



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