Don’t pretend to understand this, but sounds like C suites looked after themselves.
“Warner Bros. Discovery, which was formed in 2022 from the merger of AT&T’s WarnerMedia and Discovery Communications, has agreed to pay $125 million to settle a shareholder lawsuit over the deal.
A handful of pension funds filed suit in Delaware Chancery Court after the $43 billion merger closed, alleging that the transaction unfairly benefited top-tier investors at Discovery at the expense of everyday investors. On Friday, the court released a document detailing the settlement, which had been agreed to in May at the recommendation of a mediator.”