LifePoint Hospitals Awarded Summary Judgment in Ongoing Dispute With Shareholder
A Delaware Court has granted summary judgment to LifePoint Hospitals, the Brentwood-based hospital chain, in its ongoing dispute with major shareholder Accipiter Capital Management.
The lawsuit centered around Accipiter's proposed slate of candidates for Lifepoint's board of directors. Accipiter alleged that Lifepoint had breached its fiduciary duties when it blocked Accipiter's slate. Lifepoint maintained that Accipiter's proposals could not be considered because the nominations were not timely made.
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