Los Angeles - City Attorney Mike Feuer announced today the filing of a lawsuit against Time Warner Cable for nearly $10-million alleging that the cable giant has refused to pay fees owed the City. The suit alleges that at the same time Time Warner was witholding payments to the City it was raking in billions of dollars in revenue.
"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 Cable pay the $9,697,896 owed the City--$2,523,490 in 2008 and 2009 franchise and PEG fees, plus $7,185,406 in 2010 and 2011 franchise and PEG fees.
Deputy City Attorney Mike Dundas is spearheading the litigation.
Read the complaint here.