Delaware Chancery to. Hold Hearing on Charter/TWC Shareholder Settlement
Delaware Chancery Court will hold a hearing June 22 on the fairness of a proposed settlement of a class-action shareholder lawsuit against Charter Communications regarding its Time Warner Cable and BrightHouse Networks acquisitions, Charter said in an SEC filing Friday…
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(docket 11418-VCG). The suit alleged Charter's issuing of stock to shareholder Liberty Broadband to help finance the transactions breached its duties to other shareholders. Charter in the SEC filing said the sides reached a tentative agreement to settle in January.