Charter [CHTR] reached a $144mln proposed settlement of a consolidated class action suit related to SEC charges of inflated sub numbers and revenue. Pending court approval, Charter will shell out $40mln in Class A common stock and 10 year warrants to purchase another $40mln of Class A stock. The $64mln cash component will be provided by the MSO’s insurance carriers. "The settlement of the securities litigation effectively closes the books on these serious legal matters confronting the company," Charter pres/CEO Carl Vogel said in a statement. Charter settled with the SEC last month, neither admitting nor denying any wrongdoing.

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Friday–July 26

Paramount Shareholder Sues Over Skydance Merger

A Paramount shareholder filed a lawsuit in Delaware’s Court of Chancery on Wednesday seeking to block the merger agreement with Skydance Media . The lawsuit from shareholder Scott Baker alleges that

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