LifeVoxel.AI Inc. is the latest in a string of companies founded by a medical-records patent holder and his spouse as vehicles to pocket investor funds for their personal use, securities purchasers say in a new lawsuit.
Four individuals and a specialized investment company, LifeVoxel Virginia SPV, say they lost more than $3.5 million by investing in LifeVoxel.AI startup securities. They filed their complaint against LifeVoxel.AI, Kovey Kovalan, and Linh Le in the US District Court for the Southern District of California Monday. Other investors’ losses brought the total to $5 million, they say.
Kovalan holds 12 patents for technology to ...
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