PhyAmerica Physician Group.

PositionSuit against Steve Scott - Brief Article

DURHAM -- Two shareholders in PhyAmerica Physician Group (formerly Coastal Physician Group) contend that CEO Steve Scott looted the company by selling assets to himself in sweetheart deals. The suit, filed in Delaware, seeks to oust Scott, founder and largest shareholder. It accuses him of racketeering for doing deals with holding companies he owns. He got two health-maintenance organizations, a chain of clinics, a...

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