1 Of 2 $220M Health Merger Suits Should Be Nixed, Judge Says

Law360, Wilmington (February 11, 2014, 9:49 PM EST) -- A Delaware federal judge recommended Tuesday throwing out Partners Healthcare Solutions Holdings LP's lawsuit to declare meritless contract breach claims brought by $220 million merger partner Universal American Corp., writing that the issues will be evaluated in another action where Universal accuses it of fraudulently inducing the deal.

U.S. Magistrate Judge Mary Pat Thynge also noted that the complaint by Partners Healthcare Solutions, also known as APSLP, was originally filed in the Delaware Court of Chancery as it was waiting for Universal to file a lawsuit...
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