CalPERS sues IAC over move to maintain Diller's voting power: Reuters

The California Public Employees' Retirement System said on Monday it had filed a lawsuit to block IAC/InterActiveCorp (IAC.O) from issuing a new class of non-voting stock that it said was aimed at securing Barry Diller's control over the online media company at the expense of other shareholders.

13 December 2016•1 min read
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