This excerpt taken from the WBMD 8-K filed Nov 23, 2009.
Roberta Feinstein v. WebMD Health Corporation, et al.
In June 2009, a purported class action was filed on behalf of stockholders of WebMD in the Supreme Court of the State of New York, County of New York. Roberta Feinstein v. WebMD Health Corporation, et al., No. 650369/2009 (Sup. Ct. N.Y. Co.). The action names as defendants: WebMD; certain directors of WebMD; and the Company. The action alleges, among other things, that the members of WebMDs Board of Directors breached their fiduciary duties of care, loyalty, good faith and candor in agreeing to the WebMD Merger and have attempted to unfairly deprive WebMDs stockholders of the true value of their investment in WebMD, with the action containing additional allegations that the Company aided and abetted the breaches of fiduciary duty of WebMDs directors. The lawsuit seeks, among other things, to certify plaintiff as class representative, a declaration that the members of WebMDs Board of Directors have breached their fiduciary duties, and an award of attorneys and experts fees and expenses. WebMD believes that the class claim asserted by WebMDs stockholders relating to the WebMD Merger is without merit and intends to contest it vigorously.