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Banking

May 29, 2010

Court Dismisses Adelphia Appeal

Jones Day secured a win for more than 400 lenders in an appeal by Adelphia that was thrown out Wednesday by the Second U.S. Court of Appeals.

By Kari Hamanaka

Daily Journal Staff Writer

Jones Day secured a win for more than 400 lenders in an appeal by Adelphia that was thrown out Wednesday by the U.S. Second Circuit Court of Appeals.

The Adelphia Recovery Trust's claims against some 430 lending institutions, represented by Jones Day, included fraudulent transfer and equitable disallowance among others. The court determined Adelphia's claims lacked merit and ...

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