NEW YORK, Oct. 10, 2006 (PRIMEZONE) -- The law firm of Wechsler Harwood LLP has instituted a class action to challenge a proposed buyout of the publicly held shares of Cablevision System Corp. (the "Company") (NYSE:CVC) by the Dolan family, which owns a controlling share of the Company, in an effort to take the Company private. The claims asserted relate to whether the offered price is fair and adequate to the public shareholders of the Company and whether the process utilized in proposing and considering this offer comports with the Company's Board of Directors' fiduciary obligations.
If you own shares of Cablevision Systems Corp. purchased before October 9, 2006 and continue to own all or some of those shares and want to discuss this matter with an attorney or have any questions concerning this notice, your legal rights or any matter within our expertise, you may e-mail or call plaintiff's counsel, Peter W. Overs, Jr., toll free at 877-935-7400 (ext. 260), who will, without obligation or cost to you, attempt to answer your questions. Wechsler Harwood has taken a leading role in many important actions on behalf of defrauded shareholders, employee investors, and consumers and is responsible for hundreds of millions of dollars in recoveries. The Wechsler Harwood website (http://www.whesq.com) contains detailed information regarding this matter and additional information about the firm.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca