Optimum, Patrick Drahi Sued by Creditors Who Allege ‘Fraudulent’ Deal-Making

Creditors of Optimum Communications Inc. are suing the telecommunications company, demanding it unwind transfers they claim siphoned value away from them and into the pockets of insiders, including controlling shareholder Patrick Drahi. The lawsuit alleges 'fraudulent' deal-making, seeking to recover assets they argue were improperly moved out of creditors' reach.