Could the At Home saga finally be nearing an end for the cable industry? At Home bondholders agreed in principal last month to settle litigation in Delaware Court of Chancery in exchange for a payment of $40mln each from Comcast and Cox, according to an SEC filing. The settlement is subject to approval of the At Home bankruptcy court. It would resolve over 5 years of litigation between the parties, Cox said. To refresh your memory: At Home was a provider of high-speed service that filed for bankruptcy in ’01. Cox and Comcast were among those who invested in and had a distribution relationship with At Home. Certain bondholders brought suit against Comcast, Cox and others alleging breaches of fiduciary duty and seeking recovery of alleged short-swing profits. The short-swing profits claim was dismissed by the courts, but the plaintiffs recommenced the breach of fiduciary duty claim in the DE Court of Chancery.

The Daily

Subscribe
Friday–July 23

Altice USA Kicks Off Optimum Rebrand

Altice USA is rebranding its mobile product from Altice Mobile, all part of a larger plan to align all Altice USA brands under the Optimum name.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Aug 6
Cablefax Regional Rainmakers Awards
Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.