HealthCor Wins Quick Hearing In Allscripts Proxy Fight Case

Law360, Wilmington (May 25, 2012, 8:22 PM EDT) -- HealthCor Management LP has won expedited review of its lawsuit seeking to force a proxy fight with Allscripts Healthcare Solutions Inc., the hedge fund said Friday, ensuring the case will heard before the electronic health records company's annual meeting.

After the recent departure of four directors and a precipitous stock decline at Allscripts, HealthCor sued in Delaware Chancery Court last week to override an Allscripts bylaw requiring advance notice for board nominations that would prevent the hedge fund from running a slate of replacement directors....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.