Buchanan Ingersoll Pays $12M To End Adelphia Investor Suit

Law360, Los Angeles (June 14, 2013, 9:54 PM EDT) -- Buchanan Ingersoll & Rooney PC has reached a $12 million settlement with lead plaintiffs in a putative class action arising from multidistrict litigation over alleged artificial inflation of Adelphia Communications Corp.'s debt securities more than a decade ago, according to documents filed Friday in New York federal court.

The sweetened deal builds on one Buchanan reached in January with W.R. Huff Asset Management Co. LLC, hedge fund Appaloosa Management LP and public pension investors in New York and New Jersey accusing the law firm of making inaccurate or...
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