Buchanan To Pay $60M To Settle Adelphia, Investor Claims

Law360, New York (June 27, 2012, 10:39 PM EDT) -- Buchanan Ingersoll & Rooney PC has agreed to pay $60 million to settle claims surrounding its representation of Adelphia Communications Corp. before the company filed for Chapter 11 protection, according to documents filed in New York bankruptcy court Wednesday.

Of that amount, $20 million will go directly to the Adelphia Recovery Trust, and the remaining $40 million will be divided among the trust and Adelphia investors who filed separate claims against the firm. The trust said it does not know how much, if any, it will...
To view the full article, register now.




Case Information

Case Title

Adelphia Communications Corporation

Case Number



New York Southern

Nature of Suit

Date Filed

June 25, 2002

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.