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IN RE AOL, INC. REPURCHASE OFFER LITIGATION

No. 12 Civ. 3497(DLC).

966 F.Supp.2d 307 (2013)

In re AOL, INC. REPURCHASE OFFER LITIGATION.

United States District Court, S.D. New York.

August 19, 2013.

Attorney(s) appearing for the Case

Daniel W. Krasner , Peter C. Harrar , Beth A. Landes , Wolf Haldenstein Adler Freeman & Herz LLP, New York, NY, for Lead Plaintiff Barbara Keeling.

Jonathan M. Moses , Adam M. Gogolak , Michael J. McDuffie , Wachtell, Lipton, Rosen & Katz, New York, NY, for Defendants AOL, Inc., Tim Armstrong, and Arthur T. Minson.

DENISE COTE, District Judge.

This case concerns the sale on April 9, 2012, by defendant AOL, Inc. ("AOL") of a portfolio of patents to Microsoft Corporation for $1.056 billion in cash. At its heart, the Amended Complaint alleges that AOL, along with defendants Tim Armstrong, AOL's CEO, and Arthur T. Minson, its CFO, knew the details of the sale long before it was publicly announced, allowing the company to carry out a stock repurchase program under which it bought...

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