BUSINESS
By Patricia Meisol and Patricia Meisol,Sun Staff Writer | August 26, 1994
A 17-month-old class action lawsuit filed by subscribers of Blue Cross and Blue Shield of Maryland came to an end yesterday when the state's highest court ruled they have no standing to sue the insurer for mismanagement.In a 35-page ruling, the Maryland Court of Appeals dismissed the subscribers' argument that they should have the same right to sue as do stockholders in a corporation or members of a co-operative. The subscribers had argued that because the not-for-profit Blue Cross has no shareholders and that its board had presided while former executives mismanaged the company, they were the only independent parties who could sue to recover the losses that resulted.
BUSINESS
By Patricia Meisol and Patricia Meisol,Staff Writer | April 1, 1993
Five subscribers of Blue Cross and Blue Shield of Maryland sued 18 of the insurance company's present and former executives and directors yesterday, saying they "recklessly wasted" millions of dollars and seeking $145 million in damages to restore the company's financial health.The lawsuit, filed in Circuit Court for Baltimore County, names several prominent Baltimore business leaders, as well as ousted president Carl J. Sardegna and his former top managers. It charges them with gross negligence and mismanagement, misuse of corporate assets for personal benefit and breach of fiduciary duty, actions which cost "massive losses of subscriber money."
NEWS
October 3, 2011
I understand the decision you have taken to charge for access to the digital content at The Sun, and frankly I'm glad you've done it. We face a very simple problem: News is expensive to produce. If readers don't pay for the news, it cannot be produced. And of course, without an active, critical, independent press, democracy cannot succeed. I therefore value the service you provide highly, and I'm willing to pay for it. In fact, I already do pay for it: I have subscribed to home delivery service of The Sun for years.
NEWS
July 1, 1994
BALTIMORE -- Amid sharp criticism of cable service in Baltimore, the city's Board of Estimates approved a proposal Wednesday that would compensate subscribers by at least $13 each for overcharges from Sept. 1, 1993 through July 14.Mayor Kurt L. Schmoke and Council President Mary Pat Clarke raised concerns about service provided by United Artists Cable, including the company's failure to connect 48 schools and the fact that subscribers must go to the headquarters to have their service turned back on."
BUSINESS
By Patricia Meisol and Patricia Meisol,Sun Staff Writer | May 6, 1994
Subscribers of Blue Cross and Blue Shield of Maryland sought to convince the state's highest court yesterday that they are not ordinary customers and should be allowed to sue the directors and executives they claim nearly ran the insurer into the ground.In a bid to reactivate a March 1993 class-action suit, attorney Abraham Dash likened the subscribers to shareholders in a co-operative rather than customers of a corporation. Under state corporate law, customers don't have the right to sue directors -- but shareholders do."
BUSINESS
By Bloomberg News | October 4, 2007
Verizon Communications Inc., the second-largest U.S. phone company, was accused in a lawsuit filed yesterday of setting inflated prices for advertising by exaggerating the number of subscribers to its FiOS fiber-optic cable service. Verizon overstates subscribers by including prospective customers, not just actual ones, advertiser Digital Art Services said in a complaint in U.S. District Court in Manhattan. "Verizon's internal documents show, and Verizon has now admitted, that Verizon has a policy of inflating the number of its reported FiOS subscribers," Digital Art said in the complaint.