SCIABACUCCHI v. LIBERTY BROADBAND CORPORATION

C.A. No. 11418-VCG.

MATTHEW SCIABACUCCHI, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. LIBERTY BROADBAND CORPORATION, JOHN MALONE, GREGORY MAFFEI, MICHAEL HUSEBY, BALAN NAIR, ERIC ZINTERHOFER, CRAIG JACOBSON, THOMAS RUTLEDGE, DAVID MERRITT, LANCE CONN, and JOHN MARKLEY, Defendants, and CHARTER COMMUNICATIONS, INC., Nominal Defendant.

Court of Chancery of Delaware.

Decided: July 26, 2018.


Attorney(s) appearing for the Case

Kurt M. Heyman and Melissa N. Donimirski , of HEYMAN ENERIO GATTUSO & HIRZEL LLP, Wilmington, Delaware; OF COUNSEL: Jason M. Leviton and Joel A. Fleming , of BLOCK & LEVITON LLP, Boston, Massachusetts, Attorneys for Plaintiff.

Martin S. Lessner David C. McBride , James M. Yoch, Jr. , and Paul J. Loughman , of YOUNG CONAWAY STARGATT & TAYLOR, LLP, Wilmington, Delaware; OF COUNSEL: William Savitt , Anitha Reddy , and David Kirk , of WACHTELL, LIPTON, ROSEN & KATZ, New York, New York, Attorneys for Defendants Michael Huseby, Balan Nair, Eric Zinterhofer, Craig Jacobson, Thomas Rutledge, David Merritt, Lance Conn, John Markley, and Nominal Defendant Charter Communications, Inc.

Donald J. Wolfe, Jr. , Peter J. Walsh, Jr. , Brian C. Ralston , Tyler J. Leavengood , Jaclyn C. Levy , and Aaron R. Sims , of POTTER ANDERSON & CORROON LLP, Wilmington, Delaware; OF COUNSEL: Richard B. Harper , of BAKER BOTTS LLP, New York, New York, Attorneys for Defendants Liberty Broadband Corporation, John Malone, and Gregory Maffei.


MEMORANDUM OPINION

The Plaintiff here is a stockholder in Charter Communications, Inc., a media company. In 2015, Charter made two major acquisitions, of Bright House Networks and Time Warner Cable. Charter obtained stockholder approval of the transactions, but conditioned the acquisitions...

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