LOS ANGELES — In a potentially precedent-setting decision, Alameda, Calif., prevailed in California court over municipal bond investors who alleged securities fraud and sought damages after the city sold its cable television system for less than what was owed on the bonds that financed it.

The case filed by Vectren Communications Services, Inc. was the last of three lawsuits filed against the city after it sold the system in November 2008 to Comcast.

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