Virgin Media Hit With $100M Suit Over Turnaround Services

Law360, New York (March 27, 2013, 2:00 PM EDT) -- Virgin Media Inc. allegedly owes W.R. Huff Asset Management Co. LLC over $100 million for crisis management and bankruptcy turnaround services the company has given Virgin and its predecessor companies, according to a lawsuit filed in New Jersey state court.

The investment management services company says it spent over 30,000 hours helping British cable giants NTL Inc. and Telewest Communications PLC emerge from bankruptcy and merge, and contends it has lost clients who were disgruntled by the work, but says it has yet to receive the...
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