Notice of Claim Not Sufficient in Health Care Escrow Litigation

, Delaware Business Court Insider

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A health care network provider must release $1.8 million held in escrow after the Delaware Court of Chancery ruled that it did not have a pending claim against a company it acquired subsidiaries from in 2011. The court held that the defendant had not raised a claim until after the deadline for alleging claims passed under the stock purchase agreement.

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