Adelphia Gains More Time In Reorganization

Law360, New York (July 12, 2006, 12:00 AM EDT) -- A bankruptcy judge is adding minutes to the clock for Adelphia Communications Corp.’s reorganization plan, giving the cable company almost two extra months until the voting deadline for the plan.

The court also extended the deadline last month to July 26 from June 19. It is now pushed the deadline back to Sept. 12.

Adelphia is being sold to Time Warner Cable and Comcast Corp. as part of its bankruptcy proceedings.

Adelphia, the fifth-largest cable television company in the United States, has been operating under Chapter...
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