Bid For Equity Committee Nixed In Charter Ch. 11

Law360, New York (June 17, 2009, 12:00 AM EDT) -- A bankruptcy judge denied a shareholder's bid for the appointment of an equity holders committee in Charter Communications Inc.'s Chapter 11 proceedings on Wednesday, reportedly ruling that it would be too expensive for the cable company and could threaten its reorganization.

Judge James M. Peck tossed a motion from Q Investments LP in the U.S. Bankruptcy Court for the Southern District of New York, according to Reuters.

Charter's attorney, Paul M. Basta of Kirkland & Ellis LLP, declined to comment on the case, and a representative...
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