Verizon Denied Restraining Order
Last week, Verizon filed a lawsuit against Time Warner in which it sought unspecified monetary damages, the restraining order, and an additional order requiring the cable company to run a retraction of its previous ads. (See Verizon Sues Time Warner Cable.)
Verizon argued that the ads implied you needed a satellite dish and also implied that Time Warner had already been on a fiber-based network for much longer. But evidently, the arguments were not convincing enough to merit banning the commercials from the airwaves.
According to court records, the restraining order was denied on April 10, the day after the lawsuit was filed. A hearing on the case has been scheduled for April 21.
Elsewhere however, Verizon is making nice with the MSO's parent company, allowing AOL Inc. (NYSE: AOL) to sell its online and mobile advertising space. (See AOL Lands Verizon Ads.)
And while Verizon may have lost this legal round, it received the backing of the Federal Communications Commission (FCC) late last Friday over its tactics for retaining phone customers looking to switch to cable VOIP services. (See FCC Sides With Verizon .)
— Raymond McConville, Reporter, Light Reading