Allscripts Accepts Hedge Fund's Board Picks To End Suit

Law360, New York (June 1, 2012, 3:01 PM EDT) -- Allscripts Healthcare Solutions Inc. on Friday agreed to nominate three new directors backed by HealthCor Management LP to end the hedge fund's lawsuit seeking to force a proxy fight.

HealthCor, which owns a 6.1 percent stake of Allscripts, also said it would support the company's entire slate of board nominees at the company's annual shareholder meeting on June 15.

"We believe this is a positive outcome for Allscripts and its stockholders and we look forward to working collaboratively as we continue to implement our strategic initiatives...
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