
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.
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