Adelphia Lenders Win Bid To Toss $4B In Claims

Law360, New York (June 19, 2008, 12:00 AM EDT) -- Hundreds of banks that are accused of playing a role in the collapse of Adelphia Communications Corp. have prevailed in their efforts to strike more than $4 billion in claims in a lawsuit brought by the company's creditors.

Judge Lawrence McKenna, of the U.S, District Court for the Southern District of New York, granted the lenders' dismissal motion Wednesday to toss the bankruptcy claims from the case.

The cable company's creditors, represented by the Adelphia Recovery Trust, are accusing 380 commercial and investment banks — including...
To view the full article, register now.




Case Information

Case Title

In Re: Adelphia Communication Corp.

Case Number



New York Southern

Nature of Suit

Bankruptcy Withdrawal


Lawrence M. McKenna

Date Filed

October 24, 2005


Government Agencies

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.