Cablevision Faces Investor Suit Over Pumped-Up Stock Prices

Law360, New York (January 26, 2012, 8:53 PM EST) -- A Cablevision Systems Corp. shareholder on Thursday filed a proposed securities fraud class action against the cable provider, alleging executives misled the public about problems with the company in order to inflate stock prices.

Gary Livingston, listed on the complaint as a Cablevision shareholder, claims Cablevision CEO James Dolan, Chief Financial Officer Gregg Seibert and former CFO Michael Huseby either knew or recklessly disregarded information that would have negatively affected the company's stock prices between Feb. 16 and Dec. 31.

The executives allegedly covered up higher...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.