Action against Defendants, owners of a medical billing company, in connection with alleged misrepresentations related to a “go-private” sale of a publicly traded company.  The SEC alleges that Defendants induced an investor to buy the company based on misrepresentations regarding historical and projected revenues.  The SEC further alleges that Defendants created paper subsidiaries and reported income and revenue from these subsidiaries to increase the value of the company.

SEC Litigation Release

SEC Press Release