Shareholders Settle Spat Over $24B Liberty, Virgin Merger

Law360, New York (October 03, 2013, 2:00 PM ET) -- A New York state judge on Thursday approved a settlement of shareholder litigation over Liberty Global PLC's $24 billion takeover of British cable provider Virgin Media Inc., awarding the shareholders' law firms $2.7 million in attorneys' fees.

Judge Jeffrey K. Oing overrode the objections of one sole shareholder, Jeffrey Weinstein, who protested the deal, saying Weinstein hadn't been able to suggest a better alternative than the proposed settlement, which was designed to allow other bidders to emerge with a $100 million cut to the original breakup...
To view the full article, register now.