Comcast Loses Bid To Throw Out Class Action Suit

Law360, New York (September 12, 2006, 12:00 AM EDT) -- In a move that could lead to changes across the cable industry, a federal judge has refused to dismiss a class action antitrust suit that accuses Comcast Corp. of establishing monopolies in the Philadelphia and Chicago markets.

The suit alleges that Comcast and other cable providers cooperated to become exclusive providers for separate sections of the market, and then increased prices once competition in a section was eliminated.

The plaintiffs, a large group of cable subscribers, claimed that Comcast and other large cable companies struck a...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.