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IN RE INFINITY BROADCASTING CORP.

No. 594, 2001, 595, 2001.

802 A.2d 285 (2002)

In re INFINITY BROADCASTING CORPORATION SHAREHOLDERS LITIGATION

Supreme Court of Delaware.

Decided: June 27, 2002.

Attorney(s) appearing for the Case

Brian P. Glancy of Hughes, Sisk & Glancy, P.A., Wilmington, Delaware; Michael G. Brautigam, pro hac vice (argued) for Proposed Intervenor Objector Below, Appellant.

William L. Garrett, Jr., Wilmington, Delaware; Richard B. Brualdi, pro hac vice (argued) for Appellants Linda Juarez and Anne M. Pezza-Fiorillo.

Norman M. Monhait of Rosenthal, Monhait, Gross & Goddess, P.A., Wilmington, Delaware; Pamela S. Tikellis of Chimicles & Tikellis LLP, Wilmington, Delaware; Arthur N. Abbey, pro hac vice (argued) for Plaintiffs Below-Appellees.

A. Gilchrist Sparks, III and Jon E. Abramczyk (argued) of Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware for Appellees-Defendants David J. McLaughlin, William S. Levine, Arturo R. Moreno, Bruce S. Gordon, Jeffrey Sherman, George H. Conrades, Robert Downs Walter, Mel Karmazin, Farid Suleman, Sumner Redstone, Infinity Broadcasting Corporation and Viacom Inc.

Before WALSH, HOLLAND and STEELE, Justices.

PER CURIAM.

In October 2001, the Court of Chancery approved a settlement reached between Appellees, defendants-below, Infinity Broadcasting and Viacom, Inc. and Appellees, plaintiffs-below, Infinity shareholders in response to litigation challenging the fairness of a tender offer by Viacom. Before the merger, Viacom owned approximately 64 percent of the outstanding equity in Infinity. In August 2000, Infinity announced that...

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