A Charter Communications Inc. investor can proceed with a lawsuit challenging the board’s approval of side deals in the $55 billion acquisition of Time Warner Cable Inc. that may have provided improper benefits to board member and pay-TV billionaire John Malone.
Charter investor Matthew Sciabacucchi can press claims over Time Warner Cable stock issued to Malone’s Liberty Broadband Corp. as part of the 2015 deal, Delaware Chancery Court Judge Sam Glasscock concluded July 26. Malone owns about 47 percent of Liberty.
Malone, 77, is named as a defendant in the suit over the Time Warner Cable deal, which also involved ...
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