Judgment Entered Against Ex-Adelphia Exec

Law360, New York (November 17, 2006, 12:00 AM EST) -- A judge has barred a former vice president of bankrupt Adelphia Communications Corp. from serving as an officer or director of a public company, but didn’t order any disgorgement as the U.S. Securities and Exchange Commission had wanted.

Judge Kevin P. Castel of the U.S. District Court for the Southern District of New York found Thursday that Michael C. Mulcahey, a former vice president and assistant treasurer of Adelphia, “used his considerable knowledge and experience to implement a massive fraud.”

In 2002, the SEC filed the...
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