Charter sues rival DirecTV |
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Charter sues rival DirecTV
Paul Allen's Charter Communications may have filed for bankruptcy, but it's still keeping an eye on the competition. The cable company has filed a lawsuit against DirectTV, claiming its recent advertising campaign is false and deceptive.
Charter alleges in the lawsuit that "DirecTV has attempted to exploit the fact that Charter filed for bankruptcy to create a misimpression among Charter's actual and potential customers that Charter is liquidating and that Charter's services will end or be substantially impaired. This is blatantly false."
The lawsuit was filed Monday in U.S. District Court for the Eastern District of Missouri. St. Louis-based Charter, the nation's fourth-largest cable company, filed for Chapter 11 bankruptcy in March in an effort to reduce its debt load by about $8 billion.
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