Defense funds.A U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. judge in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ruled that John Rigas John J. Rigas (born November 14, 1924 in Wellsville, New York) was one of the founders of Adelphia Communications Corporation, which at its peak was one of the largest cable companies in the United States. , fallen Adelphia Cable heir and his three sons could use cash from their company to cover their legal fees. In addition, Judge Robert E. Gerber ruled that the Rigas sons, Michael, Timothy and James, could also access the roughly $15 million generated by other cable companies they operate. Adelphia lawyers argued that the Rigas brothers, who hold assets said to be worth more than $15 million in other cable entities, were having trouble selling properties to raise defense funds and was forcing them to rely on Adelphia for cash. Adelphia has a cable system in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. . They are believed to be facing overdue OVERDUE. A bill, note, bond or other contract, for the payment of money at a particular day, when not paid upon the day, is overdue. 2. The indorsement of a note or bill overdue, is equivalent to drawing a new bill payable at sight. 2 Conn. 419; 18 Pick. legal fees of roughly $2.5 million. Adelphia attorney George F. Carpinello aims to appeal the decision and there is wide speculation that banks will attempt to take control of their other companies, including Coudersport Television Cable Co., to block the Rigas family from tapping those assets. |
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