CHTR.US
id: 603, Created by Stan Vick, Scout
Time Warner-Charter Deal $87.5M Derivative Shareholder Settlement
How it works?
- Company agreed to settle with investors to avoid further litigation
- We prepare documents and claim payout for you
Delaware court of Chancery
Court11418
Case number26 May 2015
Class period Start18 Apr 2023
Class period End- Settlement of $87.5 million reached to end a stockholder derivative challenge that has been ongoing for almost eight years.
- The settlement is about the 2015 merger between Charter Communications and Time Warner Cable, which was valued at $55 billion.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Filing date
21 August 2015
Plaintiffs
Matthew Sciabacucchi , Hialeah Employees’ Retirement System
Attorneys
Bernstein Litowitz Berger & Grossmann LLP, Block & Leviton LLP, Heyman Enerio Gattuso & Hirzel LLP.
Defendants
John Malone, Gregory Maffei, Michael Huseby, Balan Nair, Eric Zinterhofer, Craig Jacobson, Thomas Rutledge, David Merritt, Lance Conn, John Markley
Settlement agreement date
2023-03-03
Court hearing date
22 June 2023
Trades matching type
FIFO
+$87,500,000
Total Settlement Amount