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Adelphia's $149M Recovery Bid Falls Flat Before 2nd Circ.

By Pete Brush (June 2, 2016, 12:49 PM EDT) -- Defunct Adelphia Communications Corp. appeared to hit a wall Thursday in the Second Circuit in its quest to retrieve $149 million it paid to a Florida energy concern in 1999 under the theory that the stock buyback is recoverable in Chapter 11 because the fraud-plagued cable services provider was financially dead in the water at the time....

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