St. Louis, MO – St. Louis-based Charter Cable agreed yesterday to pay $144 million to settle lawsuits over accusations of inflating financial results and customer numbers.
Shareholders brought the suit.
Charter's CEO Carl Vogel says the settlement closes the books on the company's legal problems. "We can now devote our complete and full attention to serving customers and growing revenues," he said in a statement.
The government recently ended its investigation into the same accounting issues.
Columbia, Mo. – University of Missouri officials say that if Enron founder Ken Lay is convicted of defrauding investors, the school likely will remove his name from an economics professorship he endowed.
That probably will require return of that his donation of more than $1 million.
Lay recently was indicted on eleven criminal counts, including conspiracy, securities fraud and bank fraud.