Charter Shareholder Demands Equity Committee

Law360, New York (June 10, 2009, 12:00 AM EDT) -- A shareholder in bankrupt cable company Charter Communications Inc. has asked the court overseeing Charter's bankruptcy to order the appointment of an equity holders committee, pushing back against a prearranged reorganization plan that would wipe out equity interests.

In a motion filed Tuesday in the U.S. Bankruptcy Court for the Southern District of New York, Q Investments LP, which holds 4.7% of Charter's common stock, said that the court should order the U.S. trustee in the case to appoint an equity committee because equity holders don't...
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