telecom

The city has scored what officials hope is a final legal victory in a trio of bondholder lawsuits that followed the sale of Alameda Municipal Power’s telecommunications business in 2008.

The suits, which accused the city of cheating the original architect of its cable and internet system of payments that were due and fudging disclosure documents to make the planned telecom enterprise appear more profitable than it was expected to be, could have cost the city a much as $25 million.

On April 1, U.S. District Court Judge Susan Illston offered a judgment voiding Vectren Communications Services’ final claim against the city, though the judgment is subject to appeal.