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OptimisCorp Board To Pay $54K In Sanctions In Chancery Suit

Law360 (August 9, 2018, 6:13 PM EDT) -- Directors and executives of health care industry software firm OptimisCorp must immediately pay $54,000 in sanctions previously imposed by a Delaware chancery court judge after she denied the defendants' motion to stay the sanction award on Thursday.

During a hearing in Wilmington, Vice Chancellor Tamika Montgomery-Reeves said she was ordering the directors of OptimisCorp and CEO Alan Morelli to pay the $54,000 in sanctions owed to the plaintiffs in the case by the end of the day Thursday, after the defendants missed a June 15 deadline...
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