ASC Operator First Surgical Partners Sues Nobis Capital Advisors

First Surgical Partners, an ambulatory surgery center and acute-care hospital company, announced this week it has filed a lawsuit against Nobis Capital Advisors, according to a 4-Traders report.

The company previously engaged Nobis as its financial advisor in connection with the company's reverse merger transaction whereby the company became a public company. As its fee, Nobis ultimately received 10 percent of the public company's common stock.

The company initiated the litigation to recover from the alleged harm suffered by the company as a result of its going public after it was unsuccessful in attempting to resolve its disputes with Nobis.

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