Home Add to Favorite Contact Submit  
           29 March, 2024


    
Category:  Press » Finances

 

Liberty Media Comments on Ruling in IAC Litigation

Popularity:
         Views: 2050
2008-03-29 05:07:58     
Liberty Media Corporation

Liberty Media Corporation ("Liberty") (Nasdaq: LINTA) today commented on the ruling by the Delaware Chancery Court, regarding the IAC/InterActiveCorp ("IAC") litigation.

We are disappointed that the Court did not agree with our position on a number of our claims. However, it is important to note that the Court deferred a decision on whether the IAC Board is complying with their fiduciary duties pending further action by the IAC Board.

Our primary objection to the spin-offs relates to the proposed use of a single-tier voting structure. We have never suggested that Liberty was otherwise opposed to the spin-offs.

We are evaluating all of our options, including whether to appeal the Court's decision. In any event, we expect that the IAC Board will heed its fiduciary duties and will act appropriately to ensure a fair and equitable outcome. Whether we take any further legal action to enforce these duties will depend on the course pursued by the IAC Board.

About Liberty Media Corporation

Liberty Media Corporation owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive group, which includes Liberty's interests in QVC.com, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the Liberty Entertainment Group, which includes Liberty's interests in the DIRECTV Group, Inc., Starz Entertainment, FUN Technologies, Inc., GSN, LLC, WildBlue Communications, Inc., and Liberty Sports Holdings LLC, and (3) the Liberty Capital group, which includes all businesses, assets and liabilities not attributed to the Interactive Group or the Entertainment Group including our subsidiaries Starz Media, LLC, Atlanta National League Baseball Club, Inc., and TruePosition, Inc., and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation.

Specialized in: Liberty Media - Iac Litigation
URL: http://www.libertymedia.com
Print press release      Bookmark this page
Related Press releases 
Investment And Wealth Creation (Popularity: ): This is because wealth building takes years of strategic financial planning as well as sustained investment and wealth creation efforts. At FBNQuest, we’re committed to helping our clients build and manage generational wealth through our excellent wealth advisory and management solutions. In this article, we will highlight the need for wealth planning and strategies you can leverage in wealth creation.Investment and Wealth Creation Wealth creation is a process of growing your ...
Ethical mutual funds (Popularity: ): FBNQuest Launches the FBN Halal Fund for Ethical Investing In a bid to provide investors with investment options that improve financial inclusion and align with ethical beliefs, FBNQuest Asset Management, a subsidiary of FBN Holdings recently launched the FBN Halal Fund.Regulated by the Securities and Exchange Commission (SEC), the FBN Halal Fund is an open-ended mutual fund designed to meet the needs of investors seeking long-term income generation, as it offers ...
Goldsmith & Company: Leading the Way in Financial Services with Expert Chartered Accountants in North London (Popularity: ): London UK, (press.abc-directory ) 11 May 2023 - Goldsmith & Company, a premier accounting firm, is proud to offer exceptional financial services with their team of expert chartered accountants in North London. By delivering tailored solutions to help businesses and individuals navigate the complexities of financial management, Goldsmith & Company has become a trusted partner for clients seeking expert advice and support.In today's ever-changing financial landscape, it is crucial for ...
Atlas Insurance Agency Discusses Hawaii Commercial Property Insurance (Popularity: ): Honolulu, Hawaii ( press.abc-directory.com ) October 10, 2022 - Atlas Insurance Agency, a Hawaii property and casualty insurance agency, has recently delivered an article discussing the basics of Hawaii commercial property insurance. This new informational resource was written by the insurance agents at Atlas to provide business owners in Hawaii with information about business property coverage that is unique to their state. The Atlas team is made up of experienced ...
Georgia Business Insurance Agency Releases a New Educational Resource on Commercial Auto Insurance (Popularity: ): Alpharetta, Georgia ( press.abc-directory.com ) August 4, 2021 - Southern States Insurance has recently released a new educational resource that discusses commercial auto insurance and the details of coverage. The new blog is guided by the Georgia commercial auto insurance experts at Southern States Insurance who have extensive experience helping those in the commercial auto industry get thorough and comprehensive coverage.Southern States Insurance offers readers some valuable information that helps ...


Related Business 
American Sons of Liberty (Popularity: ): Under reported news stories exposing media bias. Reveals legislation that threatens American liberty.
Liberty Nickel Collector Society (Popularity: ): The premier online club for collectors of Liberty Head Nickels. Complete information from patterns to the famous 1913 Liberty Nickel.
West Liberty University (Popularity: ): West Liberty University is a forward-looking, four-year public university steeped in a rich heritage as West Virginia’s oldest institution of higher education. Established as West Liberty Academy in 1837 (26 years before the state was admitted to the Union), it was created to respond to the need for higher educational opportunities west of the Appalachian ridge. The institution is named for the town in which it is located. West Liberty ...
Liberty Law A.P.C. (Popularity: ): Do you live near Red Bluff, Chico or Redding, CA? Need a team of lawyers you can trust? Look no further than Liberty Law, A.P.C. Rest assured that you, as our customer, will be well represented and expertly cared for. When you need a heavy hitter on your side, know that Liberty Law is here for you.
Liberty Grills: Grills In Singapore (Popularity: ): Liberty grills started in Singapore in 2004. The founders and barbecue enthusiasts, Janet and Lin, were already bringing in grills from countries like New Zealand and Germany. While popular, these barbecues could not cater entirely to the discerning Singapore market. Thus, Liberty grills were born. Today, the Liberty range has expanded to offer a wide range of grills. From impressive spit roasters to compact 2 burner gas grills to the ...
Liberty Shoes Ltd. (Popularity: ): We at Liberty Shoes have been fashioning footwear, for well over 50 years now. Liberty Shoes online store offers a wide range of casual, formal, canvas, leather, & sports shoes for men, women and kids.
Condos In Toronto (Popularity: ): Condos in Toronto - Liberty village condos & new homes for sale at King Liberty Condos. Buy lofts, condos, townhouses at exciting location on Liberty Village, Toronto. We are out and about on the streets of Liberty Village and Downtown Toronto everyday. We have made it our business to know about everything in the area that can influence property values and to be in the know about new buildings on ...
Ruling Comet: Web Designers Gurgaon (Popularity: ): Ruling Comet is an IT software development service provider staffed with experienced web developers and designers. We were focused on long-term commitments providing our clients with cost-effective virtual extensions of their IT organisations and providing all stages of a product engineering lifecycle: from requirements definition, project analysis and planning through software development to QA, trainings and maintenance.
Tycko Zavareei LLP (Popularity: ): Services for litigation matters including employment, environmental law, product liability, media, securities, professional negligence, and class action litigation.
Texas Motorcycle Attorneys (Popularity: ): Our firm represents plaintiffs in a wide array of cases across the nation. The types of cases we handle vary widely. Some examples of our practice areas include serious motorcycle injury litigation, general personal injury litigation, nursing home litigation, toxic tort litigation, medical device litigation, automobile products liability litigation, wrongful death litigation, and general negligence litigation.