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Wolf Popper LLP Appointed Co-Lead Counsel in Class Action Challenging MSG Networks Inc. Merger

Case Updates | 09/27/21
Source: Law 360

Related Case: MSG Networks Inc. Stockholder Litigation

By Order dated September 27, 2021, Chancellor Kathaleen St Jude McCormick of the Delaware Court of Chancery appointed Wolf Popper LLP as Co-Lead Counsel to prosecute the consolidated action titled In re MSG Networks Inc. Stockholder Class Action Litigation, No. 2021-0575-KSJM.  This breach of fiduciary duty action alleges, among other things, that the Dolan family, which controls sports media company, MSG Networks, Inc., used its control of the company to effectuate a merger with an affiliated entity that grossly undervalued MSG Networks, to the detriment of the company's public stockholders.

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