Health Company Executive Escapes Investor Fraud Lawsuit in Texas

A healthcare company CEO escaped a misrepresentation and fraudulent inducement lawsuit after a Texas appeals court said Thursday that the court doesn’t have personal jurisdiction over the claims.

Several Texas investors formed Clarus Health Services LLC and contributed over $1.2 million to develop intellectual property for the palliative services company. Gino Tenace was appointed CEO of Clarus and allegedly induced investors to transfer Clarus’ assets to Tenegrity Health Inc., Tenegrity Ventures LLC, and later a company called Pallative Care NewCo Inc. Tenace further encouraged them to contribute an additional $720,500 through purchase of Pallative shares, the Texas Court of Appeals, ...