Report: Judge Approves Comcast Class Action Settlement
According to the Philadelphia Inquirer, federal district judge John Padova has signed off on Comcast's $50 million settlement of a more than decade-old class action lawsuit, challenging the practice of swapping and clustering cable systems (in the Adelphia, AT&T and other deals) on anti-trust grounds.
Comcast admitted no liability, but resolving the suit helps clear legal overhang as it tries to get the Time Warner Cable merger proposal through the regulatory gauntlet.
Comcast agreed to the settlement back in October.
To read the full story, visit Multichannel.com.
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Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.