Major investors sue Outcome Health alleging firm committed fraud to secure $487.5M investment
Rishi Shah
Outcome Health â considered among Chicagoâs most promising tech startups after it launched in 2006 while CEO Rishi Shah and President Shradha Agarwal were students at Northwestern University â delivers pharmaceutical ads to patients on screens it places in doctorsâ offices. The screens  free to doctors  show educational programming.
According to a court document filed Wednesday by a lawyer representing  Shah  and Agarwal  Webb participated in a conference call Monday regarding the investigation.
Though the inquiry is ongoing  the court filing says Webb told participants in the call that he has searched through emails and other documents â including those belonging to  Shah  and Agarwal â and conducted more than a dozen interviews. He said he had not found any evidence that senior management  including  Shah  and Agarwal  were involved in or aware of misconduct  according to the filing.
Michael Carlinsky  a New York-based attorney representing  Shah  and Agarwal  said that in light of that conference call  the lawsuit is âirresponsible and an unjustified attack on the reputations of the founders.â
Outcome Health â considered among Chicagoâs most promising tech startups after it launched in 2006 while CEO  [TGT]  and President Shradha Agarwal were students at Northwestern University â delivers pharmaceutical ads to patients on screens it places in doctorsâ offices. The screens  free to doctors  show educational programming.
According to a court document filed Wednesday by a lawyer representing  Shah  and Agarwal  Webb participated in a conference call Monday regarding the investigation.
Though the inquiry is ongoing  the court filing says Webb told participants in the call that he has searched through emails and other documents â including those belonging to  Shah  and Agarwal â and conducted more than a dozen interviews. He said he had not found any evidence that senior management  including  Shah  and Agarwal  were involved in or aware of misconduct  according to the filing.
Michael Carlinsky  a New York-based attorney representing  Shah  and Agarwal  said that in light of that conference call  the lawsuit is âirresponsible and an unjustified attack on the reputations of the founders.â