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...
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