James Biden is fighting a lawsuit in which he stands accused of feigning interest in investing in a medical device company as a ploy to steal the company's business model. According to plaintiffs, James Biden said during investment negotiations that the firm’s “psychiatric care model would be used by Joe Biden as part of his campaign for President of United States.” A spokesperson for James Biden called allegations in the lawsuit “a seriously misleading version of the events,” meant to “[take] advantage of Jim Biden’s public profile as the brother of a presidential candidate,” adding that “[Frank Biden] does not, and has never, discussed his business ventures with his brother.” The lawsuit remains ongoing.