An investor sued board members at Alignment Healthcare Inc. over investment agreements that give two private equity firms a veto over the company’s choice of CEO, changes to its corporate charter, and any potential sale or merger.
The shareholder lawsuit, filed July 7, challenges the agreements with affiliates General Atlantic LP and Warburg Pincus LLC, which together controlled the health care logistics company before it went public in March 2021. The deals were allegedly struck four days after Alignment’s initial public offering.
The proposed class action is part of a wave of cases taking aim at similar pacts between companies ...
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