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LEWIS v. TURNER BROADCASTING SYSTEM

No. A98A0423.

503 S.E.2d 81 (1998)

232 Ga. App. 831

LEWIS et al. v. TURNER BROADCASTING SYSTEM, INC. et al.

Court of Appeals of Georgia.

June 10, 1998.

Attorney(s) appearing for the Case

Chitwood & Harley, Martin D. Chitwood, Christi C. Mobley, Atlanta, for appellants.

Troutman Sanders, John J. Dalton, James A. Lamberth, Atlanta, for appellees.

HAROLD R. BANKE, Senior Appellate Judge.

Marsha Diane Lewis and 21 other dissatisfied TBS shareholders ("appellants") instituted the underlying action to challenge the $7.5 billion merger between Turner Broadcasting System ("TBS") and Time Warner, Inc. ("Time Warner"). Appellants sued TBS, Time Warner, Tele-Communications, Inc. ("TCI"), Ted Turner, and 12 members of TBS' board of directors.

The appellants did not elect to exercise the statutory right of appraisal...

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