Cablevision Investors' Suit Lacks 'Factual Support': Judge

Law360, New York (September 6, 2013, 6:39 PM EDT) -- Cablevision Systems Corp. "repeatedly made it abundantly and unequivocally clear" to investors that ever-stiffer competition from Verizon Communications Inc. would cost it cable television customers, a New York federal judge ruled Thursday, dismissing a shareholder class action. 

U.S. District Judge Kiyo A. Matsumoto said that Cablevision had said many times in its U.S. Securities and Exchange Commission filings over the years that it faced competition and would lose subscribers in the New York City metropolitan area from Verizon's own cable service and that it hadn't tried...
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