Leonard Green-Backed WCG Clinical Faces $69 Million Deal Lawsuit

July 17, 2023, 8:11 PM UTC

The founder of a health care technology business sued WCG Clinical Services LLC, claiming it bought and shuttered the smaller company as part of a scheme to avoid a $69 million post-deal payment.

The lawsuit, made public July 14, accuses WCG of fraudulently sabotaging marketing efforts at Trifecta Multimedia LLC, cannibalizing its sales, and “crippling Trifecta’s revenue growth” by reassigning staff, building a rival platform, and driving customers to other products already in its portfolio.

After the transaction, WCG “proceeded to split Trifecta in two, gut its sales resources, torpedo its yearslong efforts to land critical new customers, and steer ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.