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Submitted: December 22, 2006 - 9:13am
Last updated: February 21, 2008 - 5:09am
Last updated: February 21, 2008 - 5:09am
AT&T MUST FACE LAWSUIT BY MEDIAONE EXECUTIVES
[SOURCE: Bloomberg News]
AT&T, the largest U.S. telephone company, must face a lawsuit by former MediaOne Group Inc. executives who say a buyout reduced the value of their stock options, a judge ruled. The executives, including ex-MediaOne Chief Executive Charles Lillis, can go to trial to press claims that they lost millions in the fallout from AT&T's 2000 takeover of the cable company, Delaware Chancery Court Judge Stephen Lamb ruled.
http://www.latimes.com/business/printedition/la-fi-briefs22.1dec22,1,4625657.story?coll=la-headlines-pe-business
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