Adelphia Wins Approval To Intervene

Law360, New York (April 7, 2006, 12:00 AM EDT) -- Removing one obstacle to Adelphia Communications Corp.’s bankruptcy exit, a federal judge has greenlighted the cable giant’s request to intervene in creditor disputes that have endangered the approval of its Chapter 11 reorganization plan.

Late Thursday, Judge Robert Gerber of the U.S. Bankruptcy Court in Manhattan approved Adelphia’s proposal to broker a deal between the warring parties that have long haunted its Chapter 11 proceedings.

Following a hearing, Judge Gerber ruled that the request was “in the best interests of the debtors and their estates and...
To view the full article, register now.