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Actionable news in HSNI: HSN, Inc.,

On April

On April

David Shaev Profit Sharing Account v. HSN, Inc. et al

, C.A. No. 10919-CB (Del. Ch.), alleging that the adoption of what Plaintiff referred to as a Proxy Put or Dead Hand Proxy Put in the Companys January 27, 2015 credit agreement (Credit Agreement) constituted a breach of the Boards fiduciary duty. Among other things, Plaintiff sought a declaration that the Proxy Put was invalid, unenforceable, and severable from the Credit Agreement. While the Company and Bank of America deny completely all of the allegations of wrongdoing in the complaint, on May 29, 2015...


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