OpenText: Insurer Says $9M OpenText Merger Settlement Not Covered
An insurer said it is not obligated to contribute to a $9 million settlement in a shareholder class action stemming from Covisint's 2017 merger with software company OpenText, telling a Michigan federal court that the settlement does not constitute a covered loss.
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Open Text is a Canada-based IT company that offers solutions such as information management, deployment, and content discovery for sectors including insurance, and healthcare.
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