Finding that investors had failed to properly allege fraud, a federal judge has dismissed a securities fraud suit against Comcast that accused the company of making false statements about its projected growth throughout 2007, despite knowing that it faced rising capital expenditures and slowing subscriber growth. The judge took the rare step of dismissing the case "with prejudice," saying the plaintiffs didn't deserve another chance to amend the suit because it had already been amended once.
Federal Judge Throws Out Securities Class Action Against Comcast
The Legal Intelligencer
August 29, 2008