Charter Sues Four Ex-Execs for Legal Fees3/03/2005 6:08 AM Eastern
Charter Communications Inc. has sued four former executives in an attempt to recoup legal costs, AP reported.
Former chief financial officer Kent Kalkwarf, former chief operating officer David Barford and former senior vice presidents David McCall and James Smith III have each pleaded guilty to felony counts of conspiracy to defraud in a scheme to inflate the MSO’s subscriber numbers, making its stock more attractive to potential investors.
Charter told AP its goal is to recover legal fees and other expenses paid out for the four executives for the grand-jury investigation, the Securities and Exchange Commission probe and class-action and related lawsuits.
Barford is scheduled to be the first former Charter executive to be sentenced, with his hearing due March 11.