Wednesday, May 04, 2005

AT&T settles suit with @Home bondholders

Chris O'Brien of the Mercury News writes (posted here on Yahoo! News) that:

The bankruptcy of high-speed Internet provider At Home was one the biggest collapses of the dot-com boom. Now it has resulted in one of the largest legal settlements to emerge from the bubble era to date.

On Tuesday, AT&T announced that it had agreed to a $400 million settlement to end a lawsuit filed by At Home bondholders. The bondholders claimed that AT&T had used its role on At Home's board to steal trade secrets and hasten the demise of the broadband company.



posted by Fergie @ 5/04/2005 09:24:00 AM

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