Nocion gets hit with a $1 million lawsuit
Terrence Kelly thought he was the CEO of a Boston biotech startup. But he wasn’t, and now he’s suing.
In his newly filed lawsuit, the pharma exec-turned-consultant says he was brought into Nocion to work up a budget and pitch deck that ultimately landed a $27 million Series A financing round. Kelly thought he was Nocion’s CEO, until he was shunted aside in favor of someone else, he alleges in the suit, which asks for $1 million and shares in the company.
Nocion’s lawyers say Kelly’s accusations are without merit and the company will seek to have the lawsuit dismissed. Read more from STAT’s Kate Sheridan here.
In his newly filed lawsuit, the pharma exec-turned-consultant says he was brought into Nocion to work up a budget and pitch deck that ultimately landed a $27 million Series A financing round. Kelly thought he was Nocion’s CEO, until he was shunted aside in favor of someone else, he alleges in the suit, which asks for $1 million and shares in the company.
Nocion’s lawyers say Kelly’s accusations are without merit and the company will seek to have the lawsuit dismissed. Read more from STAT’s Kate Sheridan here.
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