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BioScrip Investor Wants More Details On Option Care Merger

Law360 (June 10, 2019, 6:38 PM EDT) -- An investor hit home infusion care provider BioScrip Inc. with a proposed class action Friday in Delaware Chancery Court saying that company directors have not provided enough details about a merger that would issue more than 500 million new shares of company stock while diluting current investors down to a 20% holding.

Stockholder Erik Schmidt is suing BioScrip CEO Daniel E. Greenleaf and other directors alleging the company has left key details, including whether a financial adviser had potential conflicts of interest, off of a proxy statement filed April 30 with the U.S. Securities and Exchange Commission regarding the proposal for...

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