LOS ANGELES (CBSLA.com) — City Attorney Mike Feuer Friday announced a $10 million lawsuit against Time Warner Cable, alleging the media company refused to pay fees.
The suit claims that at the same time Time Warner was withholding payments to the City, it was raking in billions of dollars in revenue.READ MORE: Dye, Brown lead No. 10 Oregon past UCLA, 34-31 In Rose Bowl Thriller
“The City of Los Angeles enabled Time Warner to make billions and in turn they shortchanged the taxpayers millions,” said Feuer. “This is the day where we stand up and say enough is enough.”
The City is demanding that Time Warner pay $9,697,896 in owed franchise and PEG fees from 2008 through 2011.READ MORE: Reports Of Drugging, Sexual Assaults At Other USC Fraternities
Time Warner Cable released the following statement:
“As a major job creator, tax contributor and service provider in the City of Los Angeles, Time Warner Cable is an active and responsible corporate citizen in the City of Los Angeles. We are disappointed the City has chosen to bring this action, which we strongly believe is without merit. It will now be resolved through the legal process.”MORE NEWS: Locations For Free Flu Shots Throughout LA
To read a copy of the complaint, click here.