Investor Hits eDiscovery Firm with Lawsuit

A large investor in the eDiscovery vendor, Epiq Systems, has sued the company and its board of directors in Missouri state court for a breach of fiduciary duty.


Filed in Jackson County, Missouri late on Friday, the plaintiffs – New Orleans investment fund St. Denis J. Villere & Co. and one of its partners George Young — are seeking declaratory and injunctive relief to move forward with the nomination of a slate of six directors.

The suit was also attached to a Securities and Exchange Commission 13D filing, that stated Villere & Co. owns 14.01 percent of the company.

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