AT&T bid for Time Warner reportedly faces legal challenge

A Time Warner shareholder has reportedly filed a lawsuit against TW execs for offering an misleading financial picture to its shareholders.
According to the Hollywood Reporter, Richard Collura has filed a putative class action lawsuit with a New York federal judge, alleging Time Warner has only disclosed non-GAAP financial measures in management forecasts, instead of generally accepted accounting principles, which would give a clearer picture of the current state of financial affairs in the busi