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...
To view the full article, register now.




Case Information

Case Title

Adelphia Recovery Trust v. FPL Group, Inc. et al

Case Number



New York Southern

Nature of Suit

Bankruptcy Withdrawl


Paul A. Crotty

Date Filed

September 29, 2011

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.