HSN, Inc. (f/k/a Home Shopping Network) is a retailer that engages millions of customers across the U.S. via two broadcast networks, a website, and multiple streaming services.

According to the Complaint, on July 5, 2017, the Board caused the Company to enter into an agreement and plan of merger, pursuant to which the Company’s shareholders stand to receive 1.650 shares of Liberty’s Series A QVC Group common stock for each share of HSN stock they own, representing approximately $2.1 billion in total value.

On August 31, 2017, in order to convince HSN shareholders to vote in favor of the Proposed Merger, the Complaint alleges the Board authorized the filing of a materially incomplete and misleading Form S-4 Registration/Joint Proxy Statement with the Securities and Exchange Commission, in violation of Sections 14(a) and 20(a) of the Exchange Act.

On December 21, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel. On January 11, 2018, Lead Plaintiff voluntarily dismissed this case.