Adelphia Noteholders Want End To Exclusivity

Law360, New York (August 18, 2006, 12:00 AM EDT) -- Adelphia Communications Corp. noteholders are seeking an end to the company’s exclusivity and demanding the chance to contribute to its reorganization plan.

The noteholders argue that the plan to pay off creditors is biased, and favors some creditors at the expense of the noteholders, according to court filings.

“The Movants should be authorized to file and pursue confirmation of a competing plan because the Debtors have waived exclusivity, which cannot be done exclusively for the benefit of selective creditors and constituencies to the detriment of others,...
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