Adelphia Creditor Groups Object To Order

Law360, New York (January 5, 2007, 12:00 AM EST) -- Two creditor groups involved in the bankruptcy proceedings of Adelphia Communications Corp. have objected to the order confirming the company’s reorganization plan, questioning some of the provisions included in the ruling.

The official committee of equity holders has lodged a formal complaint about a paragraph included in the order that “improperly seeks to limit the relief that an appellate court may provide, in the event of a successful appeal from an order confirming the plan.”

The creditors have argued that this part of the order “is...
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