Adelphia Bondholders' Appeal Shot Down

Law360, New York (February 9, 2007, 12:00 AM EST) -- A federal appeals court panel has reportedly shot down a request by Adelphia Communications Corp.’s bondholders to have a lower court decision overturned that required them to post a $1.3 billion bond in exchange for a review of the cable provider’s bankruptcy case.

“We know of no authority that supports appellate jurisdiction over a bond requirement on the theory that, in this case, posting the required bond is not an investment that the party pursuing the appeal would prudently make and we decline to uphold jurisdiction...
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