THE COOPER HEALTH SYSTEM v. MAXIS HEALTH SYSTEM
Case Number:
1:18-cv-00702
Court:
Nature of Suit:
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Firms
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September 30, 2022
NJ Health System Loses Verdict To Recoup $15M Deal Fee
A New Jersey federal jury determined Friday that Cooper Health System could not recoup a $15 million deposit it paid before terminating its proposed acquisition of two hospitals from a Trinity Health subsidiary because it had failed to notify that entity about alleged problems with the deal.
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December 15, 2021
$15M NJ Hospital Fight Over Failed Deal Left Up To Jurors
A New Jersey federal judge has said jurors should decide The Cooper Health System's bid to recoup a $15 million escrow fee it paid before walking away from a deal to buy two hospitals from a Trinity Health subsidiary, a question that largely hinges on whether Cooper provided adequate notice of purported issues with the transaction.