NTL logo in blue and gold
Member Login
Member Directory
ntl-top-100-logo-345px
Member Directory

Madison Square Garden Settles Shareholder Lawsuit for $48.5M

Madison Square Garden Entertainment Corp. on Thursday announced it has settled a series of lawsuits from shareholders in connection with the rising cost of its MSG Sphere at The Venetian.

In a Securities and Exchange Commission filing, the company said it would pay $48.5 million to four shareholder groups that filed lawsuits in a class action in the Delaware Court of Chancery.

The company did not admit liability in the settlement. The plaintiffs alleged that the MSG Networks board of directors and controlling stockholders breached their fiduciary duties in negotiating and approving a merger with MSG Entertainment in a cost-saving move.

Read more at News.law

Find an Attorney

The National Trial Lawyers stands as an esteemed, exclusive association comprising top-tier trial attorneys nationwide. Whether you require a Civil Plaintiff Lawyer or a Criminal Defense Lawyer in your state, our network ensures access to premier legal expertise tailored to your needs.
Find Attorney

Read More Legal News

white NTL logo
© Copyright 2025, All Rights Reserved | National Trial Lawyers
Copyright © 2025 All Rights Reserved
 | National Trial Lawyers
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram