Former shareholders sue Angiotech Pharma for lying
A group representing former shareholders of Angiotech Pharmaceuticals Inc. (NSDQ:ANPI) subsidiary Quill Medical Inc. are suing both companies. QSR Holdings Inc. alleges that Angiotech concealed damaging information about the sales performance of a Quill product prior to Angiotech's acquisition of the company. It also alleges that Angiotech acted to deliberately reduce future milestone-related payments to QSR. Cleveland's Athersys is an Angiotech partner.