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IAC Calls Liberty Media Suit ‘Preposterous’

Liberty Media Corp. went to court on Monday to remove the board of IAC/InterActiveCorp, setting up a clash between media titans John Malone and Barry Diller. New York-based IAC, of which Diller is chairman and CEO, issued a statement Tuesday saying that Malone's Liberty Media had gone to court to try to take over voting power of the company and replace its directors. It called the move by the Denver-based cable provider "preposterous."

This entry was posted on Wednesday, January 30th, 2008 at 12:08 pm and is filed under Lawyer - News.