The feud stems from a Florida-based pharmaceutical startup, Altor BioScience, which Cher invested in.
Pop star Cher has filed a new lawsuit against Patrick Soon-Shiong and one of his firms, claiming the billionaire surgeon’s associates lied about her in the course of defending Soon-Shiong from an earlier fraud complaint.
The feud stems from a Florida-based pharmaceutical startup, Altor BioScience, which Cher invested in. According to the complaint, the startup’s management concealed its highly promising cancer and HIV research from shareholders, allowing Soon-Shiong to obtain shares from Cher and other investors at a knockdown price without full disclosure of the company’s status.
