MGM Resorts' $48.30/share buyout offer by Barry Diller faces legal probe over conflict of interest.

Barry Diller's $48.30 per share offer to acquire the remaining shares of MGM Resorts International is under investigation by law firm Bleichmar Fonti & Auld for potential breaches of fiduciary duty. Diller, a board member and largest shareholder through People, Inc., may have conflicts of interest as he stands on both sides of the deal. The investigation examines whether the transaction complies with Delaware law to ensure fairness to all shareholders. MGM shareholders are encouraged to contact the law firm for legal options if they hold MGM stock.