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Fraud Case Advances Over Busted Wound-Care Software Partnership

Dec. 5, 2022, 5:04 PM

The Canadian software company behind iWound, a digital platform for monitoring wound care, can move forward with allegations that its partner on the project concealed its pending merger with a direct rival.

Vice Chancellor Sam Glasscock III let the fraud lawsuit by Trust Robin Inc. advance in Delaware’s Chancery Court. It’s plausible Tissue Analytics Inc. hid its sale to Net Health Systems Inc., then dragged its feet on iWound while secretly developing a competing product, he said.

Although Trust Robin’s “festive cornucopia of claims” may be somewhat redundant—and the company “can recover for resulting damages (if any) but once"—each of ...