Time Warner Shareholder Sues to Stop AT&T Merger
The lawsuit contends that failure to provide financials under generally accepted accounting principles is unacceptable.
On Thursday, a Time Warner shareholder filed a putative class action lawsuit against the company and its top executives alleging that disclosed financials potentially mislead stockholders voting on the $108 billion AT&T merger. With a February 15 vote looming, Richard Collura is looking to get a New York federal judge to stop consummation of the merger until defendants disclose material information.