In Re General Motors (Hughes) Shareholder Litigation

HOLLAND, Justice.

In this appeal, we affirm the final judgments that were entered by the Court of Chancery. Wyser-Pratte Management Co., Inc., Robert La Marchi, Ronald Young and George Silverman (the Plaintiffs), instituted this lawsuit against the defendant, General Motors Corporation (“GM”) and the defendant, The News Corporation Limited (“TNCL”), 1 challenging a series of transactions by which TNCL acquired a significant interest in Hughes Electronics Corporation (“Hughes”). 2 Hughes was previously a wholly-owned subsidiary of GM. The individuals who were directors of GM at the relevant…