Judge OK’s Insurance For Rigas Legal Bills

Law360, New York (December 5, 2006, 12:00 AM EST) -- Some members of the Rigas family, founders of Adelphia Communications Corp., will get a little help with their legal bills, after a judge ruled that they may use their directors and officers liability insurance to help defray their defense costs.

Judge Robert Gerber of the U.S. Bankruptcy Court for the Southern District of New York has ruled that James P. Rigas and Michael J. Rigas can receive an additional $300,000 each from Associated Electric & Gas Services Limited.

The two brothers are covered under a policy...
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