Barry Diller Escapes Match.com Case After Landmark Court Loss

Barry Diller prevailed Wednesday against litigation challenging the spinoff of Match Group Inc. from his media conglomerate, a dispute that led to a landmark ruling upholding heightened legal scrutiny of certain insider transactions.

A judge let the billionaire out of the case, which returned to Delaware’s Chancery Court after the state’s justices revived the shareholder lawsuit led by a group of pension funds. The unanimous decision in April rebuffed Diller’s invitation to streamline M&A dealmaking, instead explicitly preserving a host of protections for minority investors in most transactions between a company and its controlling stockholder.

But Diller wasn’t Match’s controlling ...