JPMorgan Got $400M Before Inovalon Sale, Del. Justices Hear

By Leslie A. Pappas (February 21, 2024, 5:39 PM EST) -- Inovalon didn't properly disclose that investors that bought the healthcare data company in 2021 paid $400 million in fees to its financial adviser, a JPMorgan unit, before the transaction, a reason enough to revive a lawsuit challenging the $7.3 billion acquisition, counsel for stockholders told Delaware's Supreme Court Wednesday....

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