Del. Court Admits Mistake In $11M AT&T Options Case

Law360, New York (March 11, 2009, 12:00 AM EDT) -- AT&T Corp. will have to pay approximately $11.3 million to cover the costs of stock options held by former executives and directors of MediaOne Corp. after the Delaware Supreme Court on Tuesday said that it had made a mistake in remanding the case back to a lower court to resolve evidentiary questions.

In its first ruling, the Delaware Supreme Court remanded en banc a decision in the Court of Chancery that AT&T had admitted that it was responsible for paying the full value of stock options,...
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