Judge says two private equity firms enabled "egregious" behavior https://t.co/8COdrm7h4a
Two private equity firms helped a top health-care exec breach her fiduciary duty. The judge's novel remedy could become a blueprint for future cases. https://t.co/3XEv9KuVpI
Encompass Health prevails in lawsuit against former executives https://t.co/EM97PXUmRc
The Delaware Court of Chancery has awarded damages and other relief to Encompass Health and Enhabit following a lawsuit against former executives, including April Anthony. The court found that Anthony, along with other former officers and private equity firms Vistria Group and Nautic Partners, engaged in misconduct. A judge described the actions of the two private equity firms as enabling 'egregious' behavior, which may set a precedent for future cases involving breaches of fiduciary duty. The ruling emphasizes accountability in corporate governance and the potential consequences for private equity involvement in executive misconduct.