Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Eclipsys Corporation - ECLP
2010年6月10日 - 5:05AM
ビジネスワイヤ(英語)
Levi & Korsinsky is investigating the Board of Directors of
Eclipsys Corporation (“Eclipsys” or the “Company”) (NasdaqGS: ECLP)
for possible breaches of fiduciary duty and other violations of
state law in connection with their attempt to sell the Company to
Allscripts-Misys Healthcare ("Allscripts") (NasdaqGS: MDRX). Under
the terms of the transaction, Eclipsys shareholders will receive
1.2 shares of Allscripts stock for each Eclipsys share of common
stock they own. Based on the prior closing price of Allscripts
stock of $18.42 per share, the transaction values Eclipsys stock at
approximately $22.10 per share for a total transaction value of
approximately $1.3 billion.
The investigation concerns whether the Eclipsys Board of
Directors breached their fiduciary duties to Eclipsys stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Allscripts is underpaying for Eclipsys
shares, thus unlawfully harming Eclipsys stockholders. In
particular, the offer price is only a nominal premium over the
$21.50 price the Company's shares traded at as recently as April
29, 2010 and at least one analyst set a price target for Eclipsys
stock at $26.00 per share.
If you own common stock in Eclipsys and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500 or
visit http://www.zlk.com/eclipsys-corporation-eclp.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation.
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