Sunday, March 29, 2009

Charter Receives First Day Bankruptcy Court Approval, NASDAQ Delisting

Charter Communications, the fourth largest US cable operator, announced the approval of all of its first-day motions by the United States Bankruptcy Court for the Southern District of New York.

In addition, the NASDAQ Stock Market has notified the company that it will suspend and delist trading of the company's common stock on the NASDAQ Stock Market, effective with the open of business on April 7, 2009.