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MYTIEN NGO v CHARTER COMMUNICATIONS INC Click to find out why . . .



Keywords & Phrases
CaseNo: MNVCCI203566, CourtName: MISC 3, Plaintiff: MYTIEN NGO, State: CA California, UniqueCaseRef: LCD>MNVCCI203566, Charter, Customers, Kent, Communications, Growth, Revenue, Act, Operating Cash Flow, Vogel, Pro Forma, Misleading, Digital Video, Common Stock, Facts, Advanced Services, Accounting Practices, Basic Cable Subscriber, Class Period, High-speed Data, Individual Defendants, Internal Customer Growth, Material Facts, Securities, Interactive Video Programming, Accelerate, Llp, Publicly Filed Documents, High-speed Internet Access, Dissemination , ContentID: 120252960

Case Documents
1   COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 128759
29 pages
PDF
Total Documents: 1 document , 29 pages
Price: $ 19.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
CUSTOMERS
KENT
COMMUNICATIONS
GROWTH
REVENUE
ACT
OPERATING CASH FLOW
DEFENDANTS
VOGEL
PRO FORMA
MISLEADING
DIGITAL VIDEO
COMMON STOCK
FACTS
ADVANCED SERVICES
ACCOUNTING PRACTICES
BASIC CABLE SUBSCRIBER
CLASS PERIOD
HIGH-SPEED DATA
INDIVIDUAL DEFENDANTS
INTERNAL CUSTOMER GROWTH
MATERIAL FACTS
SECURITIES
INTERACTIVE VIDEO PROGRAMMING
ACCELERATE
LLP
PUBLICLY FILED DOCUMENTS
HIGH-SPEED INTERNET ACCESS
DISSEMINATION
 1 LIONEL Z. GLANCY (#134180)
      MICHAEL GOLDBERG (#188669)
 2 GLANCY & BINKOW LLP
      1801 Avenue of the Stars
 3 Suite 311
 4 Los Angeles, Ca  90067
      Telephone:  (310) 201-9150
 5 Facsimile:    (310) 201-9160

 6 IRA M. PRESS
      KIRBY, MCINERNEY & SQUIRE, LLP
 7 830 Third Ave, 10th Floor
      New York, NY 10022
 8 Telephone: (212) 317-2300
      Facsimile:   (212) 751-2540
 9 BRIAN P. MURRAY
10 RABIN & PECKEL, LLP
      275 Madison Avenue
11 34th Floor
      New York, NY 10016
12 Telephone:  (212) 682-1818
13 Facsimile:    (212) 682-1892

14 PATRICK V. DAHLSTROM
      POMERANTZ HAUDEK BLOCK GROSSMAN & GROSS LLP
15 One North La Salle Street #2225
      Chicago, Illinois 60602
16 Telephone: (312) 377-1181
      Facsimile:   (312) 782-4485
17 Attorneys for Plaintiff Mytien Ngo
18
                                            UNITED STATES DISTRICT COURT
19                               FOR THE CENTRAL  DISTRICT OF CALIFORNIA
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SNIPPETS:
  • PRESS KIRBY, MCINERNEY & SQUIRE, LLP
  • CARL E. VOGEL and KENT KALKWARF,
  • 12 thorough review and analysis of public statements, publicly filed documents of Charter
  • 13 Communications, Inc., press releases, news articles and the review and
  • maintain their illusion of earnings growth, the Defendants resorted to utilizing misleading
  • practices to artificially inflate the Company's basic cable subscriber count and revenue.
  • misleading statements concerning Charter's revenue and earnings, all of which drove Charter's
  • 16 Exchange Act of 1934, 28 U.S.C. §§ 1331 and 1337.
  • 21 Many of the acts giving rise to the violations complained of, including the dissemination
  • 25 facilities of the national securities markets.
  • products and services such as high-speed Internet access, interactive video programming and
  • As of May 24, 2002, Charter had 294,647,000 shares of common stock
  • the Individual Defendants had a duty to promptly disseminate accurate and truthful information
  • 17 facts specified herein had not been disclosed to and were being concealed from the public.
  • 13 material facts, and the omission to state material facts necessary in order to make the
  • 17 Serving approximately seven million customers in forty states,
  • accounting practices to artificially inflate the Company's revenue and basic cable subscriber
  • "We continued to generate double-digit cash flow growth and once again will be 17 among the
  • "By year-end 1999, pro forma for the recently completed Bresnan Communications acquisition,
  • Pro forma for the acquisition of 25 Bresnan Communications in February 2000, revenues were
  • Strong customer demand for these services was a key factor in 8 our decision to accelerate
  • 26 Demand for Advanced Services Remains Strong
  • "Despite the weakening economy, Charter continues to experience strong demand for its digital
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