Adelphia $150M Stock Fight To Stay In Bankruptcy Court

Law360, New York (January 30, 2012, 8:30 PM EST) -- A federal judge on Monday said that Adelphia Communications Corp. creditors' suit over $150 million in stock it sold before its bankruptcy should remain in bankruptcy court, denying defendant FPL Group Inc.'s request to bump the case to the district court level.

U.S. District Judge Paul A. Crotty denied a motion from FPL, an energy holdings company, asking to move the long-running case to his court. The judge said it makes more sense to leave the dispute in bankruptcy court, despite the recent jurisdiction-changing decision the...
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