Liberty Media Objects to News Corp. Settlement
From Bloomberg News
Liberty Media Corp. challenged News Corp.’s settlement of a shareholder lawsuit over the company’s “poison pill” takeover defense.
Englewood, Colo.-based Liberty asked Delaware Chancery Court Judge William B. Chandler III to reject the accord in papers filed Friday. The settlement, disclosed April 13, would bar shareholders from suing to change poison pill plans, Liberty said.
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