Reynolds Frizzell was retained to represent the sellers of a medical billing business after the purchaser failed to pay the second portion of the purchase price. As required under the Asset Purchase Agreement, we notified MediGain, a national medical billing organization, of the dispute pursuant to the indemnification procedures outlined in the agreement. After several months of negotiation and reaching an impasse, we ultimately filed suit in Dallas County, Texas on September 28, 2014, for breach of contract and fraud. Within one week, MediGain settled the matter with our clients for several million dollars – significantly more than our clients had offered in writing to settle the dispute for before retaining us. The matter was handled by Jean Frizzell and Jamin Soderstrom.
