Law360, New York (January 04, 2008, 12:00 AM ET) -- Comcast Corp. has been hit with a shareholder lawsuit alleging the cable provider intentionally misled investors in order to inflate stock prices, which fell dramatically after Comcast released a year-end earnings revision.
In a suit filed on Jan. 3 in the U.S. District Court for the Eastern District of Pennsylvania, plaintiffs' firm Coughlin Stoia Geller Rudman & Robbins alleged that between Feb. 1, 2007 and Dec. 4, 2007, Comcast issued false and misleading statements regarding the company's current and future financial condition, as well as failed...
Comcast Hit With Suit Over Earnings Reports
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