Optimum, Patrick Drahi Sued by Creditors Who Allege ‘Fraudulent’ Deal-Making
Creditors have filed a lawsuit against Optimum Communications and shareholder Patrick Drahi, alleging fraudulent deal-making. The plaintiffs claim that company insiders siphoned value away from creditors through improper asset transfers.
Creditors to Optimum Communications Inc. are suing the telecommunications company, demanding it unwinds transfers they claim siphoned away value out of their reach and into the pockets of insiders, including controlling shareholder Patrick Drahi.
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