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MAZ Partners LP v. PHC, Inc. et al
Case Number:
1:11-cv-11049
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- ArentFox Schiff
- Berman Tabacco
- Brooks & DeRensis
- Brower Piven
- Goulston & Storrs
- Kirkland & Ellis
- Wolf Popper
Companies
Sectors & Industries:
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March 08, 2019
Attys Who Won $3M For Shareholders Seek $1.4M In Fees
Wolf Popper LLP and Berman Tabacco attorneys who represented a class of investors in a suit against the CEO of a behavioral health company asked a Massachusetts federal judge Friday for $1.4 million in attorneys' fees and expenses, nearly half the class' $3 million award.
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July 13, 2017
'Little Red Hen' Shareholders Awarded $3M, But No New Trial
A Massachusetts federal judge cited an old folk tale Thursday when she decided to award a class of health care investors $3 million from the company's CEO, saying that they may not have been hurt, but they weren't treated fairly and fought hard for their recovery.
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April 18, 2017
Health Care CEO Fights New Trial Bid In Merger Dispute
The former CEO of a chain of behavioral health clinics asked a Massachusetts federal court Monday to deny a motion for a new trial by shareholders accusing him of breaching his fiduciary duty in a 2011 merger, saying the jury came to its conclusion the shareholders were undamaged legitimately.
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March 10, 2017
Jury Sides With Health Care CEO In Merger Spat
The former CEO of a chain of behavioral health clinics and the company that he merged with dodged a shareholder suit on Friday when a Massachusetts federal jury found that the class of disgruntled investors didn’t suffer an economic loss caused by a breach of fiduciary duty.
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March 09, 2017
Some Shareholder Claims Against Health Care Co. Nixed
A Massachusetts federal judge said Thursday that parts of a shareholder suit against directors of a behavioral health clinic chain can't move forward in light of a recent state high court decision, but will let the rest of the case over a merger proceed.
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March 02, 2017
Ex-Health Co. CEO Defends Merger That Paid Him $4.7M
The former CEO of a chain of behavioral health centers on Thursday defended a 2011 merger that saw him take home a $4.7 million sweetener, telling a Massachusetts federal jury considering the class action shareholder suit against him that the overall deal was in the best interests of his company.
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February 27, 2017
CEO Reaped Most Benefits Of Health Care Merger, Jury Told
Shareholders of a chain of inpatient behavioral health centers told a federal jury in Boston on Monday that the company's CEO gave himself a $4.7 million payout and a cushy new job amid a 2011 merger with Acadia Healthcare, while short-changing most investors.
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October 18, 2016
Trial Looms In Suit Over PHC-Acadia Merger
A Massachusetts federal judge said Tuesday that a class action shareholder suit stemming from the 2011 merger of behavioral health providers Acadia Healthcare Co. Inc. and PHC Inc. should head to trial this winter.