Altice USA Lenders Tap Sullivan & Cromwell for Antitrust Fight

Altice USA lenders have tapped Sullivan & Cromwell to help fight a lawsuit which alleges they worked together to freeze the company out of the US credit market.

Sullivan & Cromwell, known for its anti-trust expertise, will work alongside Akin Gump Strauss Hauer & Feld which the creditors had retained earlier, according to people familiar with the matter who asked not to be identified discussing a private matter.

The US unit of billionaire Patrick Drahi’s telecom empire stunned credit markets when it sued lenders including Apollo Capital Management LP, Ares Management LLC and BlackRock Financial Management Inc. last month, ...