More time to weigh Allen suit.(Charter)(Charter Communications Inc, Paul Allen)
Multichannel News, February, 2004 by Farrell, Mike
Charter Communications Inc. now has more time to consider whether or not to sue chairman Paul Allen regarding the partnership interests he received as part of the MSO's acquisition of Bresnan Communications in 2000.
In a Feb. 2 securities filing, Charter said the parties have extended a previous deadline of Feb. 6, and both parties in the matter have agreed to notify the other within 10 days of initiating any legal action.
No new deadline was set in the Feb. 2 filing.
Charter originally set the Feb. 6 deadline in an filing on Jan. 20. But most people familiar with the situation saw that as more of an effort to move the negotiation process forward.
The dispute centers around a 2002 deal Allen struck with Comcast Corp. to...
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