On May 21, 2014, Andrews & Springer LLC and Milberg LLP filed a class action lawsuit against DirecTV (the "Company") and its board of directors alleging breaches of fiduciary duty in connection with the merger of the Company with AT&T Inc. The complaint, which was filed in the Delaware Court of Chancery, alleges among other things, that the consideration shareholders are expected to receive is inadequate in light of several analysts setting price targets for DirecTV stock that is higher than the consideration shareholders are expected to receive.
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Andrews & Springer LLC and Milberg LLP File A Class Action Lawsuit Against DirecTV
Posted: 10 years ago | Categories: Firm News