Banks Call Adelphia E-Mail Evidence A 'Red Herring'

Law360, New York (August 11, 2010, 3:41 PM EDT) -- Banks accused of helping the founders of bankrupt Adelphia Communications Corp. loot the company of billions of dollars argued Wednesday that newly unveiled e-mail evidence suggesting bank employees were suspicious of the company should be ignored as a "red herring."

WilmerHale lawyer Philip D. Anker, who represents affiliates of Credit Suisse Group and the The Royal Bank of Scotland, told Judge Lawrence M. McKenna is the U.S. District Court for the Southern District of New York that an Adelphia bankruptcy trust’s efforts to attach liability to...
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