University General Hospital in Houston is facing allegations that it defrauded its partners for a joint venture project in Alvin, Texas, according to a Houston Business Journal report.
ACHDC LLC and Palicio Gate filed suit against the hospital, Houston-based University General Health System, UGHS Alvin (Texas) Hospital and Skymark Development Company in Houston.
The plaintiffs claim University General agreed to build a hospital in 2011 with ACHDC and Palicio Gate. University General allegedly began secret negotiations with Skymark to build a different hospital in Alvin, eventually terminating its joint venture agreement with the plaintiffs in May.
"We allege University General unlawfully took our clients' proprietary strategies, contacts, market research and hospital forecasts and negotiated a secret deal with Skymark for a hospital literally across the street from our clients' project in Alvin," the plaintiffs' attorneys wrote in a news release.
The suit seeks $100 million in damages, attorneys' fees, interest and court costs.
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ACHDC LLC and Palicio Gate filed suit against the hospital, Houston-based University General Health System, UGHS Alvin (Texas) Hospital and Skymark Development Company in Houston.
The plaintiffs claim University General agreed to build a hospital in 2011 with ACHDC and Palicio Gate. University General allegedly began secret negotiations with Skymark to build a different hospital in Alvin, eventually terminating its joint venture agreement with the plaintiffs in May.
"We allege University General unlawfully took our clients' proprietary strategies, contacts, market research and hospital forecasts and negotiated a secret deal with Skymark for a hospital literally across the street from our clients' project in Alvin," the plaintiffs' attorneys wrote in a news release.
The suit seeks $100 million in damages, attorneys' fees, interest and court costs.
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