Rigas Assets Transferred To Adelphia Under SEC Deal

Law360, New York (March 29, 2006, 12:00 AM EST) -- A federal court has transferred all but two of the cable properties owned by the disgraced Rigas family to Adelphia Cablevision LLC as part of a settlement deal with the Securities and Exchange Commission and the Department of Justice.

With those assets in Adelphia’s possession, the bankrupt cable provider will file voluntary Chapter 11 petitions for them so they can be jointly administered with the bankruptcy case of Adelphia and its units in the bankruptcy court of New York’s Southern District, the company said in an...
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