Jenner & Block

Firm Secures Dismissal of Lawsuit Challenging IBM and Merge Healthcare Merger

The firm won a significant victory for Merge Healthcare directors when a Delaware Chancery judge dismissed a lawsuit that challenged the $1 billion acquisition of Merge Healthcare, Inc. by IBM.  A group of former Merge Healthcare stockholders alleged that the sale to IBM was improper and sought post-closing damages against Merge Healthcare’s directors.   On Monday, January 30, 2017, Vice Chancellor Glasscock granted the defendants’ Motion to Dismisswith prejudice.  Partner Howard S. Suskin served as counsel to the defendants, assisted by former Associate Douglas Wilson and Paralegal Mary Frances Patston.  The transactional team, led by Partner Mark A. Harris, included Partners Brian R. Boch, Brian S. Hart, Jeffrey D. Larson, Alexander J. May, Jason D. Osborn, Jeffrey R. Shuman, and Staff Attorney Roger E. Best.   News of the dismissal was reported in Law360 (subscription required).