REID COLLINS WINS REMAND OF $63.6 MILLION LAWSUIT ON BEHALF OF BBVA USA
On October 26, 2020, Reid Collins prevailed on its motion to remand a $63.6 million lawsuit back to Dallas state court. The lawsuit involves BBVA’s claims against three high-ranking officers of Nobilis Health Corp., a former publicly traded company that owned and operated dozens of specialty surgical hospitals, ambulatory surgical centers, and multi-specialty clinics. BBVA alleges that these officers made negligent and/or fraudulent misrepresentations related to the company’s financial statements in order to avoid a loan covenant default and to obtain an additional loan from BBVA and its syndicate lenders.
Prior results do not guarantee a similar outcome.