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There's a big difference between $17 million and $155,610. Just ask the lawyers at Chimicles & Tikellis. C&T is a 20-lawyer firm based in Haverford, Pennsylvania. The firm specializes in class actions and filed two complaints on behalf of plaintiffs alleging securities fraud by Adelphia Communications Corporation.
WILMINGTON, Del., Dec. 3, 2012 /PRNewswire/ -- The Adelphia Recovery Trust (the "Trust") announced today that its Trustees have declared a distribution of $30 million in cash payable on or about December 18, 2012 to holders of interests in the Trust pursuant to the First Modified Fifth Amended Joint Chapter 11 Plan of Reorganization of Adelphia Communications Corporation and Certain Affiliated Debtors, dated as of January 3, 2007, as Confirmed (the "Plan"). The Trust has established a Record Date for purposes of this distribution of December 10, 2012. A chart summarizing the distribution of cash to be made to each series of interests in the Trust is available in the "Important Documents Adelphia Recovery Trust" section of Adelphia's website at www.adelphiarestructuring.com. Upon distrib...
WASHINGTON, Oct. 7 /U.S. Newswire/ -- Federal officials announced today that two former Adelphia executives have been indicted and charged with participating in an alleged $300,000,000 tax evasion scheme, one of the largest personal income tax evasion cases in the history of federal tax law enforcement. Thomas A. Marino, United States Attorney for the Middle District of Pennsylvania and Peter Alvarado, Special Agent in Charge, Philadelphia Field Office, Criminal Investigation Division, Internal Revenue Service today announced the return of a federal grand jury indictment charging JOHN J. RIGAS and TIMOTHY J. RIGAS with tax evasion and conspiracy to defraud the United States. JOHN J. RIGAS is the founder and former Chief Executive Officer of Adelphia Communications Corporation ("Adelphi...
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