Optimum initiates antitrust lawsuit against Apollo and Ares Management, according to WSJ
Optimum Communications (ATUS) has filed an antitrust lawsuit against a group of investors, including Apollo Global (APO) and Ares Management (ARES), accusing them of working together to shut the telecommunications company out of the U.S. credit market, Alexander Gladstone and Becky Yerak of The Wall Street Journal reported. In the complaint, filed in federal court in New York, Optimum claims that eight of its lenders formed an "illegal cartel" in 2024 that blocked the company from buying back its own debt at market prices.
