Subscribe- Defense
- DirecTV, Inc
- Represented By:
- Grant, Stuart (Grant & Eisenhoffer)
Summary
Settlement hearing.
Via the Andrews Delaware Corporate Litigation Reporter: "The lead plaintiff, the Key West Police & Fire Pension Fund, says the deal will unfairly enrich Liberty Media Chairman John Malone, who also is a director at DirecTV.
Liberty Media announced May 3 that it plans to spin off subsidiary Liberty Entertainment Inc. and merge it with DirecTV in a stock transaction. Malone's company currently holds a 54 percent stake in DirecTV.
According to the terms of the deal, DirecTV stockholders will receive one share of single-vote DirecTV class A common stock for each of their shares. Malone and his associated trusts will receive class B common stock, which carries 15 votes each.
- Plaintiff
- Defense
- Judge
- Donald Parsons
- Jurisdiction
- Delaware Court Of Chancery
- Court
- New Castle County Courthouse
- Case Number
- 4581-VCP
- Industry
- Telecommunication
- Practice Area
- Securities, Mergers and Acquisitions, Business Organizations
- Expert Witnesses
- Lay Witnesses
Sessions
AM Session
Other
4 Chapters
| Description | Attorney | Witness | Presence | |||
|---|---|---|---|---|---|---|
 | 00:00:00 | General Case Activities | Grant, Stuart | |||
| 00:23:01 | Break | ||||
| 00:36:31 | General Case Activities | ||||
| 01:05:10 | End of Session |
PM Session
Not in Session
0 Chapters
Recording Disclaimer: This proceeding was recorded in full.