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IN RE EBIX, INC. STOCKHOLDER LITIGATION

Consolidated C.A. No. 8526-VCN.

IN RE EBIX, INC. STOCKHOLDER LITIGATION.

Court of Chancery of Delaware.

Decided: January 15, 2016.

Attorney(s) appearing for the Case

Michael Hanrahan, Esquire , Paul A. Fioravanti, Jr., Esquire , Kevin H. Davenport, Esquire , Eric J. Juray, Esquire , and John G. Day Esquire , of Prickett, Jones & Elliott, P.A., Wilmington, Delaware; Stuart M. Grant Esquire , and Michael J. Barry Esquire , of Grant & Eisenhofer P.A., Wilmington, Delaware; and Michael A. Wagner Esquire , of Kessler Topaz Meltzer & Check, LLP, Radnor, Pennsylvania, Attorneys for Plaintiffs.

Samuel A. Nolen, Esquire , Catherine G. Dearlove, Esquire , Susan M. Hannigan, Esquire , and Christopher H. Lyons Esquire , of Richards, Layton & Finger, P.A., Wilmington, Delaware; Charles W. Cox Esquire , of Alston & Bird LLP, Los Angeles, California; and John A. Jordak Jr., Esquire , of Alston & Bird LLP, Atlanta, Georgia, Attorneys for Defendants.

MEMORANDUM OPINION AND ORDER

I. INTRODUCTION

Over two years ago, a corporation attempted to complete a going-private merger with a financial partner. Within roughly one month of the participants' announcement of a merger agreement, a dozen lawsuits had been filed and consolidated into the present action...

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