Law360, New York (February 23, 2011, 12:23 PM EST) -- A shareholder launched a class action in Delaware on Tuesday seeking to block private equity firm Clayton Dubilier & Rice LLC's $3.2 billion merger with Emergency Medical Services Corp., claiming another firm, Onex Corp., exerted undue influence on the deal.
Larry Pieri's complaint, lodged in the Delaware Court of Chancery, names EMS' eight-member board of directors, including EMS CEO William A. Sanger and Onex Managing Director Robert M. Le Blanc, as individual defendants.
The suit also names EMS and Clayton Dubilier as defendants.
Onex is "clearly...
Onex Exerted Undue Influence On $3B EMS Deal: Suit
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