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Comcast Settles Lawsuit Over Predatory Monopolistic Over-Billing

Comcast today settled a decade-old lawsuit accusing the company of violating sections 1 and 2 of the Sherman Act by gobbling up competitors, then using the firm's market power to aggressively raise rates on users in Philadelphia, Chicago and Boston. The preliminary settlement involves Comcast paying $16.67 million in cash and another $33 million in service discounts to current and former subscribers in Philadelphia and four nearby counties.

The settlement comes as Comcast works to soothe regulator worries that the company's planned $45 billion acquisition of Time Warner Cable will result in even more consolidated power.

Comcast Settlement 88281


Most recommended from 21 comments



Zenit_IIfx
The system is the solution
Premium Member
join:2012-05-07
Purcellville, VA

2 recommendations

Zenit_IIfx

Premium Member

...what about the rest of us?

What about the rest of Comcast's customers that regularly deal with billing irregularities and random bill increases?

We get nothing.

Lawsuits only benefit the lawyers, most of the time. I have come to learn this firsthand.