DIRECTV 2004 Annual Report Download - page 31

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THE DIRECTV GROUP, INC.
Among other things, Darlene alleges that one or more of the defendants engaged in self-dealing for several years, and the Sky
Transactions were negotiated in a manner and yielded a result that was unfair to DLA LLC and its members. Darlene further
alleges that we entered into an oral put agreement which would have required DLA LLC to acquire Darlene’s interest in DLA
LLC based on a specific pricing formula and that Darlene was fraudulently induced to release its rights under that put and other
rights. Darlene seeks injunctive relief to preclude DLA LLC from consummating the Sky Transactions, $1 billion in damages
and other relief. As part of the Sky Transactions, we have agreed to indemnify News Corporation against certain claims,
including claims by Darlene against News Corporation. We believe Darlene’s claims are without merit and intend to vigorously
defend against these claims.
* * *
ITEM 4.SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None.
* * *
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