MGM · News · 20260805N

Litigation and Legal Risk

MGM Resorts International · 2026-08-05 · Importance 31 · Surprise 42

Bleichmar Fonti & Auld LLP is investigating Barry Diller’s proposed $48.30-per-share transaction for potential breaches of fiduciary duty and conflicts of interest. The reported concern is that Diller, an MGM director and founder of People, Inc., MGM’s largest stockholder, may be positioned on both sides of the proposed deal. The investigation could create Delaware-law litigation and transaction-execution risk, although no damages, settlement amount, or formal government action was reported.

Key facts

• Bleichmar Fonti & Auld LLP is investigating Barry Diller's $48.30 per share offer to acquire MGM Resorts International for potential breaches of fiduciary duty and conflicts of interest. source
• The investigation notes Barry Diller is an MGM director and founder of People, Inc., described as MGM's largest stockholder and therefore 'stands on both sides' of the proposed deal. source
• Bleichmar Fonti & Auld LLP encouraged current MGM shareholders to contact them to discuss legal options regarding the proposed transaction. source