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In 1996, PSCM was merged into HealthSouth, a Fortune 500 company. On May 16, 1996, PSCM and HEALTHSOUTH Corporation (NYSE:HRC) entered into a definitive agreement of merger which provides for a tax-free stock swap. NASDAQ:PSCM)("PSCM") said today that following the announcement of the signing of the Plan and Agreement of Merger dated as of May 16, 1996 relating to the proposed merger between PSCM and HEALTHSOUTH Corporation ("HEALTHSOUTH"), it has been informed that a complaint purporting to be a class action has been filed in the Delaware Chancery Court against PSCM, its directors and HEALTHSOUTH alleging breaches of fiduciary duty and other matters in connection with the Agreement. |
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