Looking at the PMBus Timing Characteristics table on page 6 of the UCD9240 data sheet (July 2008 - Revised November 2008) it states that the t(TIMEOUT) specification is 35us. Reading the System Management Bus Specification I would expect this to be at least 25ms (note that is milli-seconds rather than micro-seconds and hence significanly longer!).
Please could you confirm that the UCD9240 data sheet has the incorrect units rather that the device actually timing out only after 35us?