Adelphia

1. Freshfields' US Litigation Group Gains 3 New Partners

Monday, Mar 15, 2010

Freshfields Bruckhaus Deringer LLP has beefed up its litigation team in the United States by adding three parters, including a former federal prosecutor, to its dispute resolution practice, bolstering the firm's ability to assist clients with cross-border matters that involve a U.S. component.

2. Willkie Farr Atty Named To NY Bankruptcy Bench

Monday, Mar 08, 2010

Shelley C. Chapman has left the business reorganization and restructuring department at Willkie Farr & Gallagher LLP to assume a post as one of the 10 judges overseeing the U.S. Bankruptcy Court for the Southern District of New York.

3. DLA Piper Snags Restructuring Attys In NYC, SF

Thursday, Mar 04, 2010

DLA Piper has picked up three attorneys from King & Spalding LLP, Pepler Mastromonaco LLP and Skadden Arps Slate Meagher & Flom LLP, adding to the firm's restructuring and finance practices in New York and San Francisco.

4. $6.7M Ends Adelphia Investors' Feud With Rigases

Thursday, Jan 21, 2010

Adelphia Communications Corp. investors have struck a $6.725 million settlement deal with 10 former executives and directors — including now-jailed John and Timothy Rigas — who they accused of artificially inflating the price of the erstwhile cable provider's securities.

5. Adelphia Ex-Counsel Ordered To Testify In Fraud Suit

Tuesday, Jan 05, 2010

Adelphia Communications Corp.'s former deputy general counsel will have to answer some of the questions posed by a slew of banks defending themselves against claims that they abetted the alleged fraud that forced the telecommunications giant into bankruptcy, according to a federal judge.

6. Court Clips Fraud Claim In Adelphia Bondholder Suit

Tuesday, Dec 22, 2009

A U.S. district court judge has trimmed one state law fraud claim against cable conversion box manufacturers Scientific-Atlanta Inc. and Motorola Inc. from a suit brought by Adelphia Communications Corp. bondholders, while leaving the plaintiffs' conspiracy to defraud claim intact.

7. Baker Botts Could Get Over $134M For Asarco Case

Thursday, Dec 10, 2009

Baker Botts LLP, which helped Asarco LLC navigate its lengthy odyssey through Chapter 11, is asking a bankruptcy court for a fee enhancement that would add more than $22 million to the firm's bill for its services in the case, and push the total tab to over $134 million.

8. 3rd Circ. Affirms Verdict V. LGIA In Contract Suit

Tuesday, Dec 08, 2009

A federal appeals court has upheld a jury verdict that found LG International America Inc. breached a contract with Intercon Enterprises Inc. by failing to make sufficient sales commission payments after Intercon agreed to steer new customers over to LGIA’s fiber-optic cable business.

9. 3rd Circ. Remands Conspiracy Charge Against Rigases

Wednesday, Oct 21, 2009

A federal appeals court has remanded a conspiracy charge against Adelphia Communications Corp. founder John Rigas and his son Timothy that could have added several years to their prison sentences.

10. Chrysler, GM: Courts Extend Law On Sales

Tuesday, Oct 20, 2009

We expect the two Bankruptcy Court opinions for Chrysler and GM, and particularly the Second Circuit opinion in Chrysler, to serve as the standard by which all asset sales in the Second Circuit — and possibly throughout the United States — are measured, say John J. Rapisardi, Peter M. Friedman, Doug Mintz, Zachary Smith, Audrey Aden and Thomas M. Donigan of Cadwalader Wickersham & Taft LLP.

11. 2nd Circ. Finds Rigases' Prison Terms Reasonable

Tuesday, Oct 06, 2009

A federal appeals court has rejected the appeal of the founder of cable company Adelphia Communications Corp. and his son, saying their lengthy prison terms for fraud are reasonable.

12. Citigroup's Asia General Counsel Joins Freshfields

Friday, Sep 18, 2009

Royce Miller, the managing director and general counsel of Citigroup Inc.’s Asia Pacific institutional clients group, will be joining Freshfields Bruckhaus Deringer LLP as a partner, the firm has announced.

13. Tele-Media Drops Deloitte From Adelphia Suit

Thursday, Sep 17, 2009

Deloitte & Touche LLP has been let off the hook by some of the plaintiffs in the long-running multidistrict securities litigation against Adelphia Communications Corp. over the massive accounting fraud that took place at the collapsed cable company.

14. Upholding SEC Authority To Discipline Accountants

Thursday, Aug 27, 2009

The D.C. Circuit's decision in Dearlove v. the U.S. Securities and Exchange Commission is the first litigated proceeding upholding a suspension of an accountant for audit work that the SEC has found negligent under Commission Rule of Practice 102(e). It reflects a dramatic change in approach from that employed by the same court a decade ago, when it invalidated the predecessor to Rule 102(e) in Checkosky v. SEC, says Andrew T. Karron of Arnold & Porter LLP.

15. Greenberg Traurig Bankruptcy Pro Joins Alston & Bird

Monday, Aug 17, 2009

Former Greenberg Traurig LLP shareholder John Weiss has joined Alston & Bird LLP as a partner in its New York office, bringing a wealth of experience in helping clients reorganize and restructure their businesses, as well as complex bankruptcy proceedings, the firm announced Monday.

16. Adelphia Auditor Fails To Get Punishment Tossed

Tuesday, Jul 28, 2009

A judge has rejected a bid by a former Deloitte & Touche LLP partner to overturn the U.S. Securities and Exchange Commission's decision barring him from practicing before the SEC because of his alleged misconduct in the auditing of Adelphia Communications Corp.'s financial statements in 2000.

17. Adelphia Lenders Can Depose Rigas, Son: Judge

Friday, Jul 24, 2009

Dozens of banks facing fraud allegations from creditors of Adelphia Communications Corp. will get access to John Rigas, founder of the bankrupt telecommunications giant, and his son, who are currently serving jail time for securities fraud, a federal judge has ruled.

18. Ex-Nixon Peabody Litigator Crane Joins K&L Gates

Wednesday, Jul 22, 2009

Former Nixon Peabody LLP litigation partner Roger R. Crane, who was part of a legal team that represented Adelphia Communications Corp. executive Michael Rigas in a conspiracy and wire fraud case, has joined the commercial disputes practice of K&L Gates LLP.

19. Adelphia Trust Must Produce Deloitte Suit Testimony

Wednesday, Jul 01, 2009

A federal judge has ordered creditors of collapsed telecommunications giant Adelphia Communications Corp. to turn over expert reports from an old malpractice case against Deloitte & Touche to a group of banks, including Citigroup Inc., Deutsche Bank AG and Bank of America Corp., which the creditors are suing for fraud.

20. Gibson Dunn Adds 4th Clifford Chance Partner

Wednesday, Jul 01, 2009

Securities litigator George Schieren has become the latest partner to join Gibson Dunn & Crutcher LLP from Clifford Chance LLP, following on the heels of the Magic Circle firm's former global litigation chair Mark Kirsch.