The Plaintiff brought a class action suit on behalf of other public holders of the common stock of defendant The TriZetto Group, Inc (“TriZetto”). The complaint requested a preliminary injunction to prevent TriZetto from being acquired by defendant Apax Partners, L.P. (“Apax”). The Plaintiff alleged that both defendant corporations violated their duties of disclosure and TriZetto’s board failed to satisfy its Revlon duties by limiting potential bidders from submitting deal proposals. The Court preliminarily enjoined the vote of the stockholders of TriZetto, pending further disclosures concerning the potential benefits of the transaction to outside financial advisors. The Court, however, dismissed the Revlon claim.
