The Dolan family—the family of Cablevision’s founder—is taking Altice to court over what it alleges is a violation of their merger agreement.
Cablevision’s founder and his family are suing the company that bought the cable operator in 2016, accusing it of violating a no-mass-layoff clause for TV news stations serving the New York metro area, according to a report in the Wall Street Journal Tuesday night, September 4.
Cablevision founder Charles Dolan, his wife, Helen Dolan, sons James and Patrick Dolan, and News 12 Networks anchor Colleen McVey petitioned a Delaware state court to block Altice from laying off News 12 employees “other than in the ordinary course of business” for obvious cause, according to the report.
In the complaint filed Tuesday, the Dolans and McVey indicate that Altice “recently informed the Dolans” about plans to lay off a number of News 12 employees, including McVey.
Full Content: The Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Turkey Fines Meta $10.4 Million for Abusing Market Dominance
May 6, 2024 by
CPI
Canadian Watchdog Launches Inquiry into Lululemon’s Greenwashing Practices
May 6, 2024 by
CPI
Massachusetts Supreme Court Deliberates Ballot Redefining Gig Worker Status
May 6, 2024 by
CPI
European Commission Approves Nippon Steel’s $14.9 Billion Buyout of U.S. Steel
May 6, 2024 by
CPI
Banco Sabadell Rejects Rival BBVA Merger Proposal
May 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI