May 26, 2023
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Judge finds $1.9B sale of MindBody ‘corrupt’

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A Delaware judge has ruled against Rick Stollmeyer and Vista Equity’s $1.9 billion purchase of MindBody back in 2019, ordering the pair to pay out $48 million in penalties for an alleged breach of fiduciary duty to MindBody shareholders at the time. In a 120-page post-trial opinion released on March 15, Delaware Court of Chancery…

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