Judge Says Nexstar Violated Tegna Merger Preliminary Injunction With Board Appointments
DirecTV and a group of state attorneys general sought intervention on the matter in July The post Judge Says Nexstar Violated Tegna Merger Preliminary Injunction With Board Appointments appeared first on TheWrap .
A federal judge has ruled that Nexstar violated a preliminary injunction on its pending $6.2 billion merger with Tegna by appointing its officials to Tegna's board of directors. U.S. District Judge Troy Nunley stated that the injunction prohibits current or former Nexstar personnel from serving on Tegna's board, as it undermines Tegna as an independent entity and violates the court's order for the companies to operate independently.
Nexstar must file a report within 10 days to ensure compliance, and the judge proposed appointing a special master to oversee adherence to the injunction. The merger has been stalled due to the injunction, as it ordered the companies to remain operating separately while the legal process unfolded.
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