Adelphia Communications Corporation

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Case overview

Case Number:

1:02-bk-41729

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. May 07, 2014

    Adelphia Creditors Must Kiss Off $149M Clawback

    A New York bankruptcy judge found Tuesday that defunct cable company Adelphia Communications Corp. was indeed solvent at the time of a 1999 stock buyback from energy holdings firm FPL Group Inc., and that the creditors’ recovery trust thus can’t claw back the $149 million from the transaction.

  2. July 25, 2012

    Adelphia, FPL Closing Arguments Spar Over Valuation

    Adelphia Communications Corp. and FPL Group Inc. presented closing arguments Wednesday following a four-day trial in Adelphia's bid to recover $149 million it paid to buy back stock before going bankrupt, with the debtor rehashing its stance that the stock was worthless.

  3. June 27, 2012

    Buchanan To Pay $60M To Settle Adelphia, Investor Claims

    Buchanan Ingersoll & Rooney PC has agreed to pay $60 million to settle claims surrounding its representation of Adelphia Communications Corp. before the company filed for Chapter 11 protection, according to documents filed in New York bankruptcy court Wednesday.

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