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...
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