$150M Adelphia Stock Fight Belongs In District Court: FPL

Law360, New York (September 30, 2011, 6:29 PM ET) -- A district judge should hear Adelphia Communications Corp. creditors' claim that energy holding company FPL Group Inc. owes them $150 million connected with a prebankruptcy stock sale, FPL said Wednesday in a New York court filing.

The Adelphia Recovery Trust, a entity set up to recover money for Adelphia creditors, is currently litigating claims in bankruptcy court that FPL should return $150 million it made from letting Adelphia buy back its own stock in 1999. Adelphia went bankrupt two years later after an accounting scandal implicated...
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Case Information

Case Title

Adelphia Recovery Trust v. FPL Group, Inc. et al

Case Number



New York Southern

Nature of Suit

Bankruptcy Withdrawl


Paul A. Crotty

Date Filed

September 29, 2011

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