MSG Networks Inc business offices and studio building in NYC. Photo: BrandonKleinPhoto/Shutterstock Shareholders Claim MSG Networks Was 'Golden Goose' in Stock Transaction
The complaint states MSG had been "devastated by the COVID-19 pandemic and was floundering under the weight of cost overruns on a huge $2 billion entertainment complex in Las Vegas.
August 27, 2021 at 03:02 PM
3 minute read
Securities & Federal Corporate Law
Shareholders of MSG Networks Inc. have taken legal action against the Dolan family and the rest of the company's leadership, claiming the company was seen as a drainable cash source in a deal that undercut share values.
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