Law360, Wilmington (May 21, 2012, 6:35 PM ET) -- After a recent board shake-up and precipitous stock decline at Allscripts Healthcare Solutions Inc., hedge fund shareholder HealthCor Management LP sued the electronic health records company in Delaware on Monday to open the door to a proxy fight.
On April 26, Chicago-based Allscripts announced the departure of four directors, including chairman Philip Pead, amidst a dispute over company leadership — the same day it revealed poor first quarter results that sent its stock plummeting by nearly 40 percent.
Despite the turmoil, Allscripts CEO Glen Tullman and...
Hedge Fund Sues Allscripts To Set Up Proxy Battle
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