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In Re: Adelphia Communication Corp.

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Case overview

Case Number:

1:05-cv-09050

Court:

New York Southern

Nature of Suit:

Bankruptcy Withdrawal

Judge:

Lawrence M. McKenna

Firms

Companies

Sectors & Industries:

  1. April 11, 2011

    Goldman Sachs Gets To Keep $63M From Adelphia

    A New York federal judge on Thursday found that Goldman Sachs Group Inc. did not have to give back $62.9 million in payments it received a decade ago from a questionable account controlled by now-defunct Adelphia Communications Corp.

  2. September 22, 2010

    Adelphia Trust Seeks $175M Settlement With Banks

    A recovery trust for defunct Adelphia Communications Corp. has agreed in principle to a $175 million settlement for tort claims with scores of the cable company’s prepetition creditors, which the trust had accused of ignoring a plundering of more than $3 billion of Adelphia’s funds.

  3. August 11, 2010

    Banks Call Adelphia E-Mail Evidence A 'Red Herring'

    Banks accused of helping the founders of bankrupt Adelphia Communications Corp. loot the company of billions of dollars argued Wednesday that newly unveiled e-mail evidence suggesting bank employees were suspicious of the company should be ignored as a "red herring."

  4. August 10, 2010

    Adelphia Trust Fights To Save Claims Against Banks

    Lawyers for the Adelphia Communications Corp. bankruptcy trust tried on Tuesday to preserve aiding and abetting claims against dozens of major banks over loans the company’s founders used in a multibillion-dollar fraud scheme.

  5. May 17, 2010

    Creditors Can't Sue Banks On Behalf Of Adelphia: Judge

    Firmly punctuating a December ruling, a federal judge has concluded that Adelphia Communications Corp.’s creditors lack standing to pursue tort claims on behalf of the telecommunications company against dozens of major banks accused of facilitating the fraud that caused Adelphia’s collapse.

  6. July 01, 2009

    Adelphia Trust Must Produce Deloitte Suit Testimony

    A federal judge has ordered creditors of collapsed telecommunications giant Adelphia Communications Corp. to turn over expert reports from an old malpractice case against Deloitte & Touche to a group of banks, including Citigroup Inc., Deutsche Bank AG and Bank of America Corp., which the creditors are suing for fraud.

  7. June 17, 2009

    Adelphia Creditors Told To Revise Claims V. Goldman

    As dozens of banks face fraud claims from creditors of Adelphia Communications Corp. over their hand in the company's demise, Goldman Sachs & Co. has convinced a federal court to have creditors revise their claims on payments Goldman received from Adelphia.

  8. May 07, 2009

    Adelphia Creditors' Fraud Claims Get Green Light

    A federal judge has refused to dismiss all but one of the claims in a fraud suit brought by creditors of collapsed telecommunications giant Adelphia Communications Corp. against a slew of banks, including Citigroup Inc., Deutsche Bank AG and Bank of America Corp.

  9. June 19, 2008

    Adelphia Lenders Win Bid To Toss $4B In Claims

    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.

  10. September 25, 2007

    Banks Protest Adelphia Bid To Strike Part Of Appeal

    Flanked by a host of other lenders, Bank of America has objected to the Adelphia Recovery Trust's motion to strike several statements from the group's appeal of fraud charges, arguing that the case over the telecommunications giant's collapse should be allowed to play out as it currently stands.

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