Charter, Liberty Want Class Fight Over $55B TWC Deal Nixed

Law360, Wilmington (November 15, 2016, 7:24 PM EST) -- The publicly acknowledged corporate clout of Liberty Broadband Corp. and Chairman John Malone stood out Tuesday as the biggest hurdle in attempts to shut down a shareholder challenge to parts of the $55 billion Charter Communications Inc.-Time Warner Cable Inc. merger.

Charter and Liberty both asked Delaware Vice Chancellor Sam Glasscock to dismiss the Chancery Court suit, which accused Liberty of extracting special benefits, including stock considerations unavailable to other Charter stockholders, because of Liberty’s 26 percent ownership of Charter and Malone's 47 percent control of...
To view the full article, register now.