The Dolan family—the family of Cablevision’s founder—is taking Altice to court over what it alleges is a violation of their merger agreement.
Cablevision’s founder and his family are suing the company that bought the cable operator in 2016, accusing it of violating a no-mass-layoff clause for TV news stations serving the New York metro area, according to a report in the Wall Street Journal Tuesday night, September 4.
Cablevision founder Charles Dolan, his wife, Helen Dolan, sons James and Patrick Dolan, and News 12 Networks anchor Colleen McVey petitioned a Delaware state court to block Altice from laying off News 12 employees “other than in the ordinary course of business” for obvious cause, according to the report.
In the complaint filed Tuesday, the Dolans and McVey indicate that Altice “recently informed the Dolans” about plans to lay off a number of News 12 employees, including McVey.
Full Content: The Wall Street Journal
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