On August 25, Chief U.S. District Judge Harvey Bartle III of the Eastern District of Pennsylvania dismissed with prejudice the securities class action filed against Comcast Corp. that alleged false statements by the company related to its projected growth throughout 2007.
According to The Legal Intelligencer, the court found that the complaint was limited to a “barebones sketch” of how budget and subscriber data documents were allegedly compiled and reviewed at Comcast and did not rise to the level of the “particularized” allegations necessary to plead fraud.
Comcast was represented in the case by attorneys Alva Mather; Colleen Flynn Shanahan, Laura E. Krabill; M. Norman Goldberger, and Matthew A. White of Hangley Aronchick Segal & Pudlin in Philadelphia, as well as Michael P. Carroll, Antonio J. Perez-Marques and Jonathan D. Martin of Davis Polk & Wardwell in New York.
