litigation
confidence high
sentiment negative
materiality 0.65
Regenerex Pharma sues former CFO's Optimize Health for overbilling, breach of contract
REGENEREX PHARMA, INC.
- Filed lawsuit against Optimize Health Partners (owned by ex-CFO Kenneth Perry) for breach of software license agreement.
- Alleges overbilling of ~$37,285 and unauthorized markups on invoices totaling ~$136,056 paid.
- Claims failure to deposit software source code escrow materials and to maintain required insurance.
- Seeks monetary damages, accounting, declaratory judgment, and injunctive relief to protect access to systems.
- Defendant Perry denies allegations and has indicated intention to defend; case is in preliminary stages.