Virgin Media Settles $8.8B Suit Over Consulting Fees

Law360, New York (November 13, 2017, 3:08 PM EST) -- Virgin Media Inc. has agreed to a confidential settlement of claims in an $8.8 billion New Jersey state court lawsuit alleging the company and its predecessors never paid for crisis management and turnaround services rendered by investment management services firm W.R. Huff Asset Management Co. LLC.

A New Jersey Superior Court judge had tossed all lost profit claims in the suit in July on summary judgment and granted Virgin Media’s dismissal motion for the remaining claims for $7 billion in damages on the eve of trial,...
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