$3
Fraud
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Case Details
Trial victory awarded Excellus Holdings rescission of contract for the sale of FemCap’s product, FemmyCycle, and ordering the return of the purchase price of $1.15 million dollars, as well as awarded additional consequential damages in the amount of $1.15 million dollars and a prejudgment interest of $373,671.23 from the date of the purchase.
Additional Notes
Judge Frazier ruled in favor of Excellus Holdings, LLC against FemCap, Inc. and Alfred Shihata for fraud and breach of contract. Shihata fraudulently concealed critical information regarding the regulatory status of the FemmyCycle product.