We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Magellan Health Ducks Investor Suit Over AlphaCare Merger

Law360 (March 12, 2018, 7:11 PM EDT) -- A Brooklyn federal judge has shot down a suit seeking to block a merger between a subsidiary of Magellan Health Inc. and senior care company AlphaCare of New York, ruling that the case couldn't go forward without AlphaCare's involvement.

U.S. District Judge Dora L. Irizarry on Friday dismissed the suit brought by plaintiff Alpha Founders Holding LLC, a company representing AlphaCare's founders and minority investors, after finding that nonparty AlphaCare needed to be joined to the suit, but that its addition would create jurisdictional problems because it...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Alpha Founders Holding, LLC v. Magellan Health, Inc.


Case Number

1:17-cv-06225

Court

New York Eastern

Nature of Suit

Stockholders Suits

Judge

Dora Lizette Irizarry

Date Filed

October 25, 2017

Law Firms

Companies

Government Agencies

Judge Analytics

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.