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Biotech / Medical : AHTC Corp (AHTC)-formerly Advanced Health (ADVH)

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To: Zebra 365 who wrote (319)10/27/1998 7:20:00 AM
From: Frostman  Read Replies (1) of 371
 
Zebra, is this newer SOS, or older SOS?

Frostman

Monday October 26, 7:04 pm Eastern Time
Company Press Release
SOURCE: Beatie and Osborn LLP
Fraud Lawsuit Filed Against Advanced Health Corporation
NEW YORK, Oct. 26 /PRNewswire/ -- Beatie and Osborn LLP today issued the following:

On September 16, 1998, Bukstel & Halfpenny, Inc. (B&H) filed a lawsuit against Advanced Health Corporation (Nasdaq: ADVH - news) and certain of its officers and directors. The lawsuit alleges that ADVH, through its officers and directors, committed fraud, made misrepresentations, and utilized a pattern of deceptive practices to induce B&H directors and shareholders to agree to an asset purchase of B&H intellectual property on September 17, 1997.

Bukstel & Halfpenny, Inc. seeks the return of all intellectual property and derivative works including the ''Dr. Chart''(TM) system, Clinical Data Exchange, Clinical Data Repository and Application Interface Engine. B&H alleges that ADVH no longer has the right to sell the above named intellectual property and seeks to unwind the September 17, 1997 agreement.

SOURCE: Beatie and Osborn LLP

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