HOUSEMAN v. SAGERMAN

C.A. No. 8897-VCG.

AARON HOUSEMAN and NANCY HOUSEMAN, individually and on behalf of all others similar situated, Plaintiffs, v. ERIC S. SAGERMAN, THOMAS D. WHITTINGTON, CLINTON S. LAIRD, BROCK J. VINTON, RAYMOND IBARGUEN, GEORGE D. SERGIO, J.P. MORGAN CHASE BANK, N.A., KEYBANC CAPITAL MARKETS, INC., and HEALTHPORT TECHNOLOGIES, LLC, Defendants.

Court of Chancery of Delaware.

Decided November 19, 2015.


Attorney(s) appearing for the Case

Eric M. Andersen , of ANDERSEN SLEATER LLC, Wilmington, Delaware, Attorney for Plaintiffs.

Steven L. Caponi and Elizabeth Sloan , of BLANK ROME LLP, Wilmington, Delaware, Attorneys for Defendants Eric S. Sagerman, Thomas D. Whittington, Clinton S. Laird, Brock J. Vinton, Raymond Ibarguen, and George D. Sergio.


MEMORANDUM OPINION

A stockholder, mislead into forgoing appraisal rights, may have a breach of duty claim against directors or officers that can be satisfied by quasi-appraisal damages. If the facts regarding the breach of duty are known to the stockholder at the time of closing, may she wait 27 months before...

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