WideOpenWest Lawsuit Settles

The lawsuit captioned Kirkland, et al. v. WideOpenWest, Inc., et al., Index No. 653248/2018 in the Supreme Court of the State of New York, County of New York: Commercial Division was ordered settled on January 20, 2022.

The settlement provides for the payment of $7.025 million to eligible class members. Lead plaintiffs Jeff Kirkland, Anthony Fiore and Employee’s Retirement System of the Puerto Rico Electric Power Authority alleged violations of §§11, 12, and 15 of the Securities Act of 1933 based on false and misleading misstatements that the company made in its registration statement that allegedly concealed from shareholders the nature and quality of its services and the loss of customers.