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Adelphia to Settle Fraud Case for About $715 Million

Source: Bloomberg.com

'Under the agreement, Adelphia founder John Rigas and son Timothy, along with other members of their family, will forfeit ownership of more than 95 percent of the family's assets, including most their cable television systems, real estate worth about $10 million and about $567 million in Adelphia securities.'

Related posts:

  1. Adelphia founder and sons arrested
  2. Adelphia gave $76.5 million to Sabres
  3. Adelphia folding Empire; Sabres land on MSG
  4. Adelphia Bankruptcy Judge Clears Cash Hurdle for NHL's Sabres
  5. Adelphia to Describe Rigas Family-Related Activities, NYT Says

Filed Under: SabresBeat

Bloomberg.com | Apr 25, 2005

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