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CHTR.US
id: 603

Time Warner-Charter Deal $87.5M Derivative Shareholder Settlement

Delaware court of Chancery
Court
11418-VCG
Case number
26 May 2015
Class period Start
18 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.
Case Status
Disbursed
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
Cash Settlement Amount

Charter Communications Inc

Charter Communications, Inc. operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based...

    Ticker
    CHTR.US
    ISIN
    US16119P1084
    CIK
    1091667
    Sector
    Communication Services
    Industry
    Telecom Services
    Country
    USA
    Address
    400 Washington Blvd., Stamford, CT, United States, 06902