Charter Finalizes $83M Shareholder Settlement
By John M. Higgins published
Ailing cable operator Charter Communications finalized the settlement of suits filed by an array of shareholders over the company’s accounting scandals.
The company’s board signed off on a deal paying $15 million worth of Charter Class A common stock and $68 million in cash, for a total value paid of approximately $83 million. Four former Charter executives have pled guilty to criminal charges connected with the company’s past inflation of subscriber counts and cash flow.
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