Liberty Media facing further Class Actions

Two major Class Actions are naming Liberty Media and CEO Greg Maffei in their allegations.

One Class Action by shareholders in TripAdvisor, itself with a major shareholder in the shape of Liberty Media, can proceed with their lawsuit. The claim centres on a move by TripAdvisor from its existing Delaware domicile to Nevada and alleged breaches of “fiduciary duties” by Greg Maffei as a defendant along with other TripAdvisor directors. The trial opens on May 19th.

Source: Liberty Media facing further Class Actions

Advertisement