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Article: IAC Statement on Liberty Lawsuit.

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PR Newswire
Article date:
January 29, 2008
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NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- IAC today issued a statement regarding a lawsuit by Liberty Media.

Last night, Liberty Media took the extraordinary action of attempting to claim control of the voting power of IAC and replacing a majority of its directors. The action is preposterous. Liberty does not control IAC. Barry Diller continues to be the Chairman and CEO of IAC, the Board of Directors of IAC elected at last summer's stockholders meeting continues to manage the affairs of the Company, and IAC management continues to work in the best interest of its stockholders toward consummation of the previously announced transactions in which it will ...

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