The founder of a formerly high-flying telehealth startup is suing his former company, saying it ousted him after he objected to a grow-at-all-costs strategy that 'jeopardized patient health'
Tolani founded Virtudent in 2014 as a way to repay some of that generosity, according to the suit and the essay. Recognizing that a large segment of the US population doesn't get regular dental care, Tolani wanted to make it easier for people to get their teeth examined.
Following the financing, Tolani owned 95% of Virtudent's common stock, giving him 42% control over the company, according to the suit. He also had the right to nominate a fourth board member. Those weren't idle concerns, according to the suit. In early January 2019, the president of the New Hampshire Board of Dentistry essentially warned that Virtudent might not be in compliance with the state's regulations, Tolani said in the suit. Meanwhile, due to inadequate training of hygienists, some patients in a Virtudent tooth-whitening program suffered acid burns on their lips, according to the suit.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Tesla video shows Model 3 cars being made inside its China factory - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Inside McDonald's Black franchisees' quest for equality - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Jamie Dimon almost became CEO of Home Depot, says company founder Arthur Blank - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Ted Baker founder Ray Kelvin takes active role again, 18 months after resignation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
AI assistant startup Conversica just raised a $20 million Series D - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
25-year-old sells high-school startup Luminar in a $3.4 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »