Class Action Lawsuit – Emdeon Inc.

There is a national class action lawsuit on behalf of all shareholders of Emdeon Inc. The complaint alleges, among other things, that Emdeon’s Board of Directors failed to act in the best interest of shareholders and breached its fiduciary duties by approving Blackstone Capital Partners VI L.P.’s attempt to acquire a controlling interest in Emdeon for $19.00 per Emdeon share, which will result in Emdeon becoming a private company. The transaction is expected to close in second half of 2011, subject to customary closing conditions, including shareholder and regulatory approvals.

This entry was posted on Saturday, August 6th, 2011 at 1:02 am and is filed under Class Action News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

 

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