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Deloitte Surrenders Millions To Adelphia Trustees

Law360 (August 6, 2007, 12:00 AM EDT) -- Deloitte & Touche has agreed to fork over a whopping $167.5 million to the so-called Adelphia Recovery Trust, in an attempt to put the rest allegations of impropriety connected to its role as auditor for the fallen cable giant.

On Friday, the group tasked with handling litigation on behalf of Adelphia's trustees revealed the settlement with Deloitte, voicing hopes that it will be the first of many such deals.

“We are pleased with the settlement, which is among the largest settlements ever reached between a public...
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