Time Warner, Inc. was an American multinational mass media and entertainment conglomerate corporation headquartered in New York City, United States.

According to the Complaint, on October 22, 2016, AT&T and the Company announced they had entered into an Agreement and Plan of Merger dated October 22, 2016 (“Merger Agreement”), by which AT&T, through its wholly owned subsidiary, West Merger Sub, Inc, will acquire all of the outstanding shares of Time Warner in a stock-and-cash transaction valued at $107.50 per share (the “Proposed Transaction”).

On January 9, 2017, Time Warner filed a definitive Proxy Statement on a Schedule 14A with the SEC, which set the stockholder vote date on the Proposed Transaction for February 15, 2017. The Complaint alleges the Proxy Statement is materially deficient and misleading because it fails to disclose material information regarding GAAP reconciliation of the non-GAAP financial measures contained in the Company’s projections, which were prepared by Company management and relied upon by Allen & Company LLC, Citigroup Global Markets Inc, and Morgan Stanley & Co. LLC, the Company’s financial advisors.

On February 3, 2017, the Court issued an Order consolidating cases and appointing interim Co-Lead Plaintiffs and interim Co-Lead Counsel. The Consolidated Cases shall be identified as: "In re Time Warner, Inc. Shareholder Litigation."

Pursuant to a Stipulation by the parties, this case was ordered dismissed on February 17, 2017.