Charter's Ch. 11 Plan Preempts Securities Case: Judge

Law360, New York (February 9, 2010, 4:41 PM EST) -- A bankruptcy judge has held that the plaintiffs in a putative securities class action are prohibited from pursuing claims against Charter Communications Inc. chairman and Microsoft co-founder Paul G. Allen and other Charter directors.

Judge James M. Peck of the U.S. Bankruptcy Court for the Southern District of New York on Monday granted the cable provider’s enforcement bid, determining that the securities case against Allen and Charter President Neil Smit and Executive Vice President Eloise Schmitz is subject to an injunction that bars causes of actions...
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