matinae’s blog

Merge Healthcare Announces the Execution of an Agreement in Principle Regarding the Settlement of Its Derivative Action

merge healthcare incorporated (nasdaq: mrge)(tsx: mrg), today announced the capital punishment of an agreement in principle with the plaintiff and other defendants in the derivation action against merge healthcare. the agreement provides for the settlement and release and pink slip of all claims asserted by plaintiff in the complaint, but the company has not released any claims against its ex- officers. in commerce, merge healthcare has agreed to a one time cash payment of $250,000 for legal costs incurred by the plaintiff. in addition, the elimination documentation on reflect that merge healthcare and the other defendants with to deny that they compel ought to committed or attempted to commit any violations of law or breached any task owed to merge healthcare or its shareholders. the settlement is subject to, among other things, the drafting and mode of the settlement documents and the approval of the settlement by the court.
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