Harvard Corporate Governance

OCTOBER 20, 2022

1, 2022), a stockholder of IAC/InterActiveCorp (“Old IAC”) challenged the multi-step reverse spin-off that was initiated by the company’s controller, a company allegedly indirectly controlled by Barry Diller. In In re Match Group, Inc. Derivative Litigation (Sept. Vice Chancellor Morgan T.

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Law 360 M&A

SEPTEMBER 1, 2022

Barry Diller-controlled IAC/InterActiveCorp, Match.com and directors of both companies beat a challenge to their $30 billion reverse spinoff in 2020, with a Delaware vice chancellor finding that the lead plaintiffs' derivative claims lack standing and that the spinoff met the necessary elements to make it subject to business judgment protections.

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Reynolds Holding

APRIL 11, 2024

and other online dating businesses by its controlling stockholder, IAC/InterActiveCorp. (“IAC”). In the important 2014 case of Kahn v. M & F Worldwide Corp. , Derivative Litigation , the Delaware Supreme Court held that it does. Match concerned the reverse spinoff of Match Group, Inc.

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