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IHH Healthcare

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2021

    Emqore files amended complaint against IHH

    Lawsuit filed

    Emqore filed an amended complaint against IHH and other defendants in the US District Court for New Jersey, seeking damages exceeding USD 6.5 billion. Emqore alleges that the defendants conspired to frustrate a proposed share acquisition transaction involving Fortis; IHH said it intends to seek dismissal.

    Company response

    • Denial — IHH

      IHH further said that it will defend vigorously against the claims, and added, "it has strong grounds for seeking dismissal of Emqore's claims and intends to file a Motion to Dismiss Emqore's Amended Complaint on 3 principal grounds, namely, lack of personal jurisdiction, forum non-conveniens, and failure to state a claim for relief."

    Source excerpt

    • Emqore broadly alleges that it has purportedly suffered losses as the defendants had allegedly conspired to frustrate a proposed share acquisition transaction between Fortis and Emqore's supposed predecessors.
    • Emqore is seeking, among others, damages in excess of USD 6.5 billion comprising compensatory damages plus treble damages and attorneys' fees pursuant to the US Racketeer, Influenced and Corrupt Organizations Act.
    • Emqore's amended complaint was filed at the United States District Court.
    Source