EMSC, Shareholders Reach Settlement Over $3B Sale

Law360, New York (November 29, 2011, 3:48 PM EST) -- Emergency Medical Services Corp. shareholders asked a Colorado federal court on Monday to approve a settlement of their class action over the company's planned $3.2 billion sale to a private equity firm, saying EMSC had shared crucial information about the sale.

The shareholders, who sued EMSC in February over alleged conflicts of interest regarding the deal with Clayton Dubilier & Rice LLC, said in an unopposed settlement request that the company had given them important details of the sale process, including payment information for various financial advisers. EMSC also agreed...
To view the full article, register now.