- Defense
- DirecTV, Inc
- Represented By:
- Grant, Stuart (Grant & Eisenhoffer)
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.
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 |
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