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Polymedica Corporation merger litigation

Groen v. Polymedica Corporation was a case brought on behalf of Polymedica shareholders in connection with a proposed acquisition of Polymedica by Medco Health Solutions. The complaints alleged that the proposed transaction did not maximize shareholder value and unfairly favored the company’s management and that the proxy statement for the transaction contained numerous misrepresentations and omissions of material fact. A settlement was reached which provided for substantial additional and supplemental disclosures in a supplemental proxy statement.

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