Fox Shareholder Sues Over Disney/Fox Proxy Disclosures
Fox shareholders are being asked to vote on a deal with Disney without having all material information, a Fox shareholder alleged in a proposed class-action lawsuit (in Pacer, docket 18-cv-01007-UNA) filed Friday in U.S. District Court in Wilmington, Delaware, against…
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Fox. Plaintiff Robert Weiss said the Fox proxy statement recommending a "yes" vote doesn't include Fox financial projections that were used by the company's financial advisers, Goldman Sachs and Centerview Partners; data and inputs underlying their financial valuation analyses; and Goldman's potential conflicts of interest. Also named as defendants were all board members. The Fox shareholder vote is scheduled for July 27. Tuesday, a Fox spokesman said the suit is "frivolous."