Adelphia Bondholders Come Up Short Again
On Monday, U.S. District Judge Shira Scheindlin threw out the bondholder appeal, refusing to rule on the merits of the case, in part because the plan had already been “substantially consummated.”
“I conclude that this appeal must be dismissed on equitable mootness grounds,” the opinion read.
The bondholders hold $1.1 billion in Adelphia notes...
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