GNG News Guy
01-05-2008, 01:46 PM
http://i.dslr.net/urls/4/704.gif (http://www.dslreports.com/shownews/Investors-Sue-Comcast-90712)
Comcast is facing two different lawsuits (http://www.broadcastingcable.com/article/CA6517257.html) filed this week by investors who allege that the company has made false statements about their performance in order to affect stock values. Both suits say that Comcast purposefully withheld information when issuing performance statements to the press. The suit contended that Comcast executives were motivated to use misleading statements in order for chairman and CEO Brian Roberts and chief operating officer Stephen Burke to sell shares in transactions worth more than $15 million in May and June.
They believe that this caused a decrease in Comcast stock and are asking for damages to regain their resulting losses. Comcast insists that the suits are without merit.
read comment(s) (http://www.dslreports.com/shownews/Investors-Sue-Comcast-90712)
Comcast is facing two different lawsuits (http://www.broadcastingcable.com/article/CA6517257.html) filed this week by investors who allege that the company has made false statements about their performance in order to affect stock values. Both suits say that Comcast purposefully withheld information when issuing performance statements to the press. The suit contended that Comcast executives were motivated to use misleading statements in order for chairman and CEO Brian Roberts and chief operating officer Stephen Burke to sell shares in transactions worth more than $15 million in May and June.
They believe that this caused a decrease in Comcast stock and are asking for damages to regain their resulting losses. Comcast insists that the suits are without merit.
read comment(s) (http://www.dslreports.com/shownews/Investors-Sue-Comcast-90712)