Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Liberty Media Corporation
18 Febbraio 2010 - 12:00AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Liberty Media Corporation (“Liberty Media”) on behalf of
shareholders as of October 9, 2009, of Liberty Media Corporation’s
Series B Liberty Entertainment tracking stock (Nasdaq:LMDIB)
related to a series of transactions that closed on November 19,
2009, which resulted in the sale of Liberty Media’s assets to The
DIRECTV Group, Inc.
In the transactions, pursuant to the parties’ Agreement and Plan
of Merger, Liberty Media executed a split-off of Liberty
Entertainment, Inc. that, among other things, resulted in DIRECTV
Group and Liberty Entertainment becoming wholly-owned subsidiaries
of DIRECTV. The investigation concerns possible breaches of
fiduciary duty and other violations of law related to approval of
the transactions by the Liberty Media board of directors.
If you own shares of Liberty Media’s Series B Liberty
Entertainment tracking stock, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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