Claims Trimmed In Suit Over Amacore-Lifeguard Deal

Law360, New York (July 8, 2010, 5:01 PM EDT) -- A federal judge has taken a finely honed knife to shareholder claims against the Amacore Group Inc., CEO Jay Shafer and director Jerry Katzman, issuing a mixed ruling in a 12-count suit accusing the company of committing fraud when it entered into a $14 million stock deal to buy fellow health plan provider LifeGuard Benefit Services Inc.

The first count in the complaint, accusing Amacore of fraud in the inducement of a merger agreement, was left intact with respect to Amacore and Shafer, according to Judge...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.