We represent a private equity firm and its diagnostic imaging portfolio company in connection with a breach of non-compete matter involving three former physicians at a radiology center. We brought three arbitration claims against physicians who left the radiology center and announced an intention to breach their restrictive covenant agreements in the LLC Agreement that they executed as part of the transaction in which the physicians and their partners sold the non-clinical assets of their practice to our client’s portfolio company and entered into a management services agreement with the portfolio company. We obtained a favorable arbitration award enforcing the non-compete against one physician and are currently litigating the confirmation of that award and claims by the other two physicians that their arbitrations should be halted.
Representation of Private Equity Firm and its Portfolio Company in Non-Compete Case
Representation of Private Equity Firm and its Portfolio Company in Non-Compete Case
We represent a private equity firm and its diagnostic imaging portfolio company in connection with a breach of non-compete matter involving three former physicians at a radiology center. We brought three arbitration claims against physicians who left the radiology center and announced an intention to breach their restrictive covenant agreements in the LLC Agreement that they executed as part of the transaction in which the physicians and their partners sold the non-clinical assets of their practice to our client’s portfolio company and entered into a management services agreement with the portfolio company. We obtained a favorable arbitration award enforcing the non-compete against one physician and are currently litigating the confirmation of that award and claims by the other two physicians that their arbitrations should be halted.