Telecom Cable LLC is suing Comcast Corp. (CMCSA) - Get Report , claiming that the cable and internet service provider deliberately sabotaged the small Texas-based cable provider by hiring contractors who cut its underground cables.  

The suit alleges that between 2013 and 2014 Comcast tried to purchase Telecom Cable and when that failed, they began operating in Telecom Cable's territory independently. This necessitated Comcast digging up ground that housed Telecom's cables. During this process, work crews contracted by Comcast severed Telecom's mainline cable, causing a major service outage. 

"Defendants paid no notice to Telecom's markings and continued to destroy Telecom's lines, and Telecom's complaints fell on deaf ears. One would like to believe that the destruction was accidental, but the comprehensiveness of it - coupled with Comcast's prior interest in Telecom - renders such a conclusion doubtful," court documents state, according to International Business Times. 

What's Hot On TheStreet

Happy birthday iPhone: Apple's (AAPL) - Get Report iPhone turns 10 years old today! What an amazing product Steve Jobs and his team created. But, as TheStreet's Natalie Walters points out, the next five years for Apple could be radically different. Sales could well be boosted by new, non-iPhone products such as smart glasses and autonomous car technologies. Walters also mentions that iPhone demand may peak in 2019.

Blue Apron falters: Blue Apron (APRN) - Get Report plans an initial public offering on Thursday seeking a valuation of about $2 billion. That's down significantly from a $3.2 billion valuation it had previously hoped to achieve. In the public sphere, the New York-based meal kit delivery service's IPO comes at an unsettling time, points out TheStreet's Ron Orol, as the markets begin to digest Amazon Inc.'s (AMZN) - Get Report mega $13.4 billion acquisition of Whole Foods Market Inc. (WFM) . Moreover, investors have questioned Blue Apron's business model -- it hasn't turned a profit since 2012 due to rising marketing and distribution costs.

Regulators outsmarted: With questions swirling whether its combination would get approved by regulators, Walgreens Boots Alliance (WBA) - Get Report and Rite-Aid (RAD) - Get Reportstruck a clever deal on Thursday. Walgreens will pay $5.175 billion to Rite-Aid in cash and receive 2,186 stores in return. Walgreens will also pay Rite-Aid a $325 million termination fee for its planned buyout of the company.

Walgreens will be an even bigger drug-selling beast, with more than 15,000 stores spanning 11 countries. As for Rite-Aid, it will be left with about 2,300 stores once the deal closes in six months.

Apple and Walgreens Boots Alliance are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL and WBA? Learn more now.

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