Adelphia Revises Ch. 11 Plan, Disclosure Statement

Law360, New York (September 18, 2006, 12:00 AM EDT) -- Bankrupt Adelphia Communications Corp. has made a few changes to its fifth amended reorganization plan and accompanying disclosure statement after drawing criticism from the U.S. Trustee, equityholders and noteholders involved in the case.

The cable provider filed the modifications to its plan and statement in the U.S. Bankruptcy Court for the Southern District of New York on Monday after it reached settlements with noteholders and some of the administrative agents in the case.

Adelphia said its changes are “incremental to the compromise among other important creditor...
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