Optimum creditors sue over transfers they allege benefited insiders
Bloomberg reports the creditors want Optimum to unwind transfers they claim moved value beyond their reach and into the pockets of insiders, including controlling shareholder Patrick Drahi.
TLDR
Bloomberg reports that creditors are suing Optimum Communications and Patrick Drahi. They seek to unwind transfers they allege siphoned value out of their reach and into insiders’ pockets.
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