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Summary
IACs Barry Diller wants to spin off IAC into a five different parts, and switch to a single tier voting structure. This move would effectively halve Liberty Medias voting power in IAC, which is currently 62%. As a result of previous dealings, Diller has proxy control of Liberty Medias shares in IAC. Libertys John Malone is suing to stop the restructuring and oust Diller, claiming that he is breaching stewardship and his contract.
Outcome
In favor of the defendants and against the plaintiffs and that action was dismissed with prejudice.
- Plaintiff
- Defense
- Judge
- Stephen Lamb
- Jurisdiction
- Delaware Court Of Chancery
- Court
- New Castle County Courthouse
- Case Number
- 3501-VCL
- Industry
- Finance
- Practice Area
- Securities
Sessions
AM Session
Openings
6 Chapters
| Description | Attorney | Witness | Presence | |||
|---|---|---|---|---|---|---|
 | 00:00:24 | General Case Activities | ||||
| 00:01:15 | Witness Direct Examination | Abrams, Kevin | Malone, Dr John | In Person | |
| 01:11:11 | Witness Cross Examination | Wolinsky, Marc | Malone, Dr John | In Person | |
| 01:25:30 | Break | Wolinsky, Marc | Malone, Dr John | In Person | |
| 01:39:15 | Witness Cross Examination | Wolinsky, Marc | Malone, Dr John | In Person | |
| 02:56:10 | End of Session | Wolinsky, Marc | Malone, Dr John | In Person |
PM Session
Other
8 Chapters
AM Session
Other
6 Chapters
PM Session
Other
9 Chapters
PM Session
Other
10 Chapters
AM Session
Other
10 Chapters
AM Session
Other
9 Chapters
PM Session
Other
5 Chapters
AM Session
Other
5 Chapters
PM Session
Not in Session
0 Chapters