Big Law
Expedia Investors Settle a Lawsuit Over the Liberty Expedia Merger
Expedia Group Inc’s board and a group of shareholders have agreed to settle a suit challenging the travel technology business’s 2019 acquisition of Liberty Expedia Holdings Inc., which owned a stake in Expedia.
The parties said in a Tuesday filing in the Delaware Chancery Court that they had resolved claims that Expedia chairman Barry Diller used the deal to remove limitations on his ability to pass his stake in the company to his stepson Alexander von Furstenberg.
The board has denied the allegations and did not admit wrongdoing.
