Saturday, July 23, 2011

Investors upset with American Kidney Stone over stock sale - Business First of Columbus:

disadvantage-unlimited.blogspot.com
, a urology practice with operations in 39 is fighting the allegations made by hospital operato r and 29former investors, all of whom claimm the practice lied to them during a 2007 shars redemption offer. The lawsuits allege Americab Kidney Stone told investors it wantedf to buy their shares to ensurd compliance with a federal law requiring investoras bepracticing physicians. The company instead wanted to buythem out, the lawsuitss claim, so it could bring in practicingg physicians as investors who would refer patients to its boosting revenue.
“In truth, (the practice) is not only squeezing out non-actives urologists, but also is squeezing out activelhypracticing urologists, and for one reasohn only – those members do not refed their patients to (its clinics),” the 29 investora alleged in their June 3

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