Cablevision (CVC -1.2%) has filed a lawsuit in Federal Court accusing Verizon (VZ -1%) of...

|About: Cablevision Systems Corpora... (CVC)|By:, SA News Editor

Cablevision (CVC -1.2%) has filed a lawsuit in Federal Court accusing Verizon (VZ -1%) of embarking on an advertising campaign which makes intentionally false and misleading claims related to Cablevision's high-speed Internet service. Despite being fully aware of the false claims, Verizon has refused to stop running its ads, and the company says it's been forced to take legal action to halt them.