Key Bank, HSBC Get Adelphia Hockey Loan Claims Nixed

Law360, New York (May 18, 2012, 10:48 PM EDT) -- A New York federal judge on Friday threw out the remaining claims brought by the Adelphia Recovery Trust against HBSC Bank NA and Key Bank NA in their long-standing fight stemming from loans taken out by the Buffalo Sabres hockey team.

U.S. District Judge Richard J. Arcara said in his opinion that judicial estoppel barred Adelphia from bringing claims of aiding and abetting a breach of fiduciary duty and equitable subordination due to Adelphia's failure to share with a bankruptcy judge its intentions to file claims...
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