Court Clips Fraud Claim In Adelphia Bondholder Suit

By Jessica Dye

Law360, New York (December 22, 2009, 3:43 PM ET) -- A U.S. district court judge has trimmed one state law fraud claim against cable conversion box manufacturers Scientific-Atlanta Inc. and Motorola Inc. from a suit brought by Adelphia Communications Corp. bondholders, while leaving the plaintiffs' conspiracy to defraud claim intact.

The order was handed down Monday in the U.S. District Court for the Southern District of New York, where massive multidistrict litigation over Adelphia securities and derivatives brought by shareholders and investors accusing the company of conspiring to artificially inflate its bottom line has been consolidated....
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles