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Inovalon Investors Seek Stock Appraisal After $7.3B Sale

Law 360

Five former Inovalon Holdings Inc. institutional investors have sued for a Delaware Chancery Court appraisal of their shares following the health care data tech company's $7.3 billion go-private sale last year.

Court 98
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Inovalon Sued In Del. Over Share Status As $7B Merger Looms

Law 360

Cloud-based health care data venture Inovalon Holdings Inc. billion acquisition by a private equity consortium already has ended company founder and CEO Keith R. has been hit with a Delaware Chancery Court suit alleging failures to disclose that its proposed $7.3 Dunleavy's absolute controller status.

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