Time Warner, Comcast Hit With Investor Suit Over $45B Deal

Law360, Los Angeles (February 14, 2014, 8:09 PM EST) -- A Time Warner Cable Inc. investor hit the company and Comcast Corp. with a stockholder class action in New York state court on Friday because of an allegedly unfair price and self-serving sale process, seeking to halt the blockbuster $45.2 billion merger that would reshape the cable industry .

The lawsuit comes just one day after Comcast said it would swallow rival Time Warner, fanning competition concerns that have smoldered since Time Warner emerged as a target last year. The lawsuit, brought by plaintiff Breffni Barrett...
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