Meanwhile, CDC Software reached an agreement with two CDC entities to purchase their interest in CDC Software for $249.8 million. This chain of events was set in motion when late in 2010, the subsidiary abruptly said debentures were no longer convertible and entities that held $43 million in debt filed suit. The unit's present, Peter Yip, was found to have lied under oath. CDC Software's board voted to remove him; then reversed itself placing Yip on medical leave. As a result of that action, NASDAQ delisted the company's stock and its parent removed all board members, except CEO John Clough, of CDC Software International and have called a special meeting for March 12 to remove the board of CDC Software. The court held that competing reorganization plans can be proposed and set a March 1 deadline for their submission and will consider them and the shareholder meeting actions on April 26. Meanwhile, CDC Corp. and CDC Software International had agreed to sell shares of CDC Software to Archipelago Holdings an affiliate of Vista Equity Holdings for the $249.8 million in cash.