Charter Investor Cries Foul On Ch. 11 Deal With Allen

Law360, New York (March 26, 2010, 6:52 PM EDT) -- An investor has urged a federal judge to overturn the confirmation of Charter Communications Inc.’s reorganization plan, saying the company cut an unfair deal by largely handing itself over to controlling shareholder and Microsoft Corp. co-founder Paul G. Allen while stiffing other stockholders.

R2 Investment LDC filed a brief in the U.S. District Court for the Southern District of New York on Wednesday arguing that the plan lavishes too many benefits on Allen, providing him with $375 million in value, substantial immunity from lawsuits, and the...
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