Del. Confirms High Pleading Burden In Merger Challenges

Law360, New York (June 2, 2014, 11:40 AM EDT) -- In Houseman v. Sagerman, C.A. No. 8898-VCG, (Del. Ch. Apr. 16, 2014), the Delaware Court of Chancery (Vice Chancellor Sam Glasscock) granted, in part, a motion to dismiss filed by certain directors and the financial adviser of Universata Inc. ("Universata" or the "company") arising out of the company's merger with HealthPort Technologies LLC....

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