The Delaware Court of Chancery last week dismissed the putative class-action case of a former Universata shareholder, who sought quasi-appraisal damages for breach of duty claims against the company’s board members, saying her 27-month delay in filing the Delaware action barred her claims under the equitable doctrine of laches.
In the case captioned Houseman v. Sagerman, Vice Chancellor Sam Glasscock III said Nancy Houseman and her husband, former Universata board member Aaron Houseman, knew of a basis for breach of fiduciary duty claims as early as June 2011, when medical information exchange services company HealthPort Technologies and Universata closed a merger deal.
