Published: June 09, 2010
Robbins Umeda LLP Announces an Investigation of the Acquisition of Eclipsys Corporation by Allscripts-Misys Healthcare Solutions, Inc.
SAN DIEGO - (BUSINESS WIRE) - Robbins
Umeda LLP has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by members of the Board
of Directors of Eclipsys Corporation ("Eclipsys" or the "Company")
(NASDAQ: ECLP) in connection with their actions in causing Eclipsys to
enter into a definitive merger agreement to be acquired by
Allscripts-Misys Healthcare Solutions, Inc. ("Allscripts") (NASDAQ:
MDRX). If the transaction is completed, Eclipsys shareholders will
receive 1.2 shares of Allscripts stock for each share of Eclipsys they
hold. If approved, the transaction is expected to be completed in the
next four to six months.
Robbins Umeda LLP's investigation concerns whether the Board of
Directors of Eclipsys undertook a fair process to obtain fair
consideration for all shareholders of Eclipsys. The Company stated that
its diluted earnings per share for the first quarter of 2010 were $0.19,
easily beating several analyst estimates. Additionally, the Company was
recently upgraded to "Outperform" by at least one analyst.
If you are a shareholder of Eclipsys and would like more information
about your rights as a shareholder, please contact attorney Gregory E.
Del Gaizo at 800-350-6003 or by e-mail at inquiry@robbinsumeda.com.
Robbins Umeda LLP is a California-based law firm with significant
experience representing investors in merger-related shareholder class
actions, shareholder derivative actions, and securities fraud class
actions. For more information about the firm, please go to http://www.robbinsumeda.com.
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Robbins Umeda LLP
Gregory E. Del Gaizo
800-350-6003
inquiry@robbinsumeda.com
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