Deloitte Dodged Adelphia Collapse Suit Too Soon, Judge Hints

By Matt Fair (August 27, 2019, 3:16 PM EDT) -- A Pennsylvania appellate judge suggested during oral arguments Tuesday that Deloitte & Touche LLP had been prematurely allowed to escape claims over the role of its accounting in the collapse of Adelphia Communications Corp. prior to a trial ordered as part of federal multidistrict litigation.

While Judge Gary Glazer in the Philadelphia County Court of Common Pleas agreed to grant summary judgment in favor of Deloitte after concluding that fraud by Adelphia executives had been a greater contributor to the company's collapse than any malpractice on the part of the accounting firm, at least one member of the Pennsylvania Superior Court...

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