An affiliate of nursing home executive Daniel Straus—a former white-shoe lawyer who once owned part of the NBA’s Memphis Grizzlies—can move forward with claims it was duped into investing in P3 Health Group Holdings LLC, a Delaware judge ruled Wednesday.
Vice Chancellor J. Travis Laster let a fraudulent inducement claim advance against Chicago Pacific Founders Fund LP, the private equity firm that controlled P3—a population health management business—before its blank-check merger with a company backed by Greg Wasson, a former Walgreens Boots Alliance CEO.
Laster cited allegations that Chicago Pacific lured Straus affiliate Hudson Vegas Investment SPV LLC into buying ...
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