(California Court of Appeal) - Reversed in fragment a ruling addressing how much money Los Angeles County may tax Time Warner Cable. The plaintiff in this lawsuit,Time Warner, argued that the county government was taxing it more than the law allowed for its exercise of public rights-of-way. On appeal, or the Second Appellate District held that the county was not required to value the possessory interests based only on five percent of cable television revenue. In all other respects the panel affirmed the trial court's judgment.
Source: findlaw.com