Charter Communications' Ch. 11 Plan Stays Out Of High Court

Law360, New York (April 29, 2013, 2:46 PM ET) -- The U.S. Supreme Court declined Monday to hear an appeal from a pair of investors contesting Charter Communications Inc.’s controversial prepackaged bankruptcy plan, leaving in place a Second Circuit ruling that raised the bar for parties appealing bankruptcy court decisions.

The high court denied a petition from Law Debenture Trust Co. and R2 Investments LDC seeking to overturn the TV and Internet services provider’s prepackaged plan, which gave Microsoft Inc. co-founder and investor Paul G. Allen a $375 million settlement and other lucrative incentives while wiping...
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