AT&T;, Comcast Sued Over Legal Fees
John Malone, chairman of television company Liberty Media Corp., sued AT&T; Corp. and Comcast Corp. seeking legal fees from litigation over AT&T;’s 1999 acquisition of Tele-Communications Inc., headed by Malone.
After the transaction was announced, TCI shareholders sued company directors, including Malone, claiming that they violated their duties by approving the combination on unfair terms. The case is scheduled for a two-week trial starting Oct. 16 in Delaware Chancery Court.
In a complaint filed Wednesday in the same court, Malone said that his lawyers had not been paid “for time and expenses incurred since Feb. 28, 2006,” and that AT&T; and Comcast, a TCI successor, were obliged by contract to pay the bills.
AT&T; and Comcast did not immediately comment.
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