IDX reports class-action suit

AuntMinnie.com staff writers
Nov 1, 2005

Healthcare informatics firm IDX Systems said that it has been served with a shareholder class-action lawsuit against the company and certain of its officers and directors.

The Burlington, VT-based firm said that a complaint was filed on October 24 this year in Vermont Superior Court, Chittenden County, that challenges the price of and the process leading to IDX's agreement to be acquired by GE Healthcare of Chalfont St. Giles, U.K.

IDX's chief executive officer James Crook Jr. said that the suit is without merit and that the company intends to vigorously defend itself against the allegations.

By AuntMinnie.com staff writers
November 2, 2005

Related Reading

GE launches $1.2 billion bid for IDX, September 29, 2005

IDX signs Carecast upgrades, August 2, 2005

IDX completes RTI purchase, July 5, 2005

IDX, Fujitsu cancel NHS collaboration, June 2, 2005

IDX Q1 shows significant growth, April 29, 2005

Copyright © 2005 AuntMinnie.com

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