SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Cablevision Systems Corp. Regarding P...
August 12 2015 - 3:25PM
Business Wire
Levi & Korsinsky announces that it is investigating
Cablevision Systems Corporation (NYSE:CVC) concerning potential
claims of breaches of fiduciary duty by its Board of Directors in
connection with the compensation paid to Charles F. Dolan and James
L. Dolan.
In particular, for years 2010-2012, Cablevision has paid Charles
Dolan approximately $40.27 million and James Dolan $41.18 million –
far in excess of what comparable companies have paid their
executives. At the same time, while the Dolan’s own less than 25%
of the Company’s stock, they possess a majority of Cablevision’s
voting power and the vast majority of the Cablevision Board of
Directors consists of Dolan family members. Furthermore, neither of
the Dolans count their Cablevision position as a full time
occupation: Charles serves as an Executive Chairman of AMC Networks
Inc., while James is the Executive Chairman of The Madison Square
Garden Company and also performs as the lead singer of a band that
played approximately forty shows in thirty-six cities in 2013
alone. To obtain additional information, go to:
http://zlk.9nl.com/cablevision
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20150812006208/en/
Levi & Korsinsky, LLPEduard Korsinsky, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 866-367-6510www.zlk.com
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