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Author Topic: Delaware court rules in favor of IAC's Diller  (Read 486 times)

Offline Josetann

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Delaware court rules in favor of IAC's Diller
« on: March 29, 2008, 02:19:00 AM »
Move paves way for IAC chief Barry Diller to go ahead with proposed spinoff of company units.   A Delaware court ruled in favor of IAC/InterActiveCorp chief Barry Diller on Friday in a legal dispute with controlling shareholder Liberty Media, paving the way for him to proceed with a...

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Offline jackspar

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Delaware court rules in favor of IAC's Diller
« Reply #1 on: July 31, 2008, 04:25:14 AM »
A Delaware court ruled in favor of IAC/Interactive Corp chief Barry  Diller on Friday in a legal dispute with controlling shareholder  Liberty Media, paving the way for him to proceed with a proposed spin off of four company units. Shares in IAC surged more than 8 percent on news of the decision. In 78-page ruling, Delaware Chancery Court Judge Stephen Lamb upheld Diller's long-standing proxy agreement that allows him to vote Liberty's controlling interest in IAC, even if Liberty does not agree with his position.

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