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June 20, 2013 |

Buchanan Ingersoll to Pay Adelphia Investors $12 Mil

After a decade of litigation, Buchanan Ingersoll & Rooney is finally closing the book on a shareholder class action targeting the firm for the advice it gave Adelphia Communications Corp., the cable giant that went bust in a massive accounting and securities fraud scandal in 2002. Under a deal proposed in the case June 14, a class of Adelphia investors will walk away with $12 million as part of a $40 million insurance-funded settlement that Buchanan Ingersoll agreed to last year.
2 minute read
Buchanan Ingersoll Set to Pay Adelphia Investors $12 Million
Publication Date: 2013-06-17
Practice Area:
Industry:
Court:
Judge:
Attorneys:
For plaintiff:
For defendant:
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Under a deal proposed Friday in the long-running Adelphia shareholder litigation, a class of investors will walk away with $12 million as part of a $40 million insurance-funded settlement that Buchanan Ingersoll agreed to last year.

Buchanan Ingersoll Set to Pay Adelphia Investors $12 Million
Publication Date: 2013-06-17
Practice Area:
Industry:
Court:
Judge:
Attorneys:
For plaintiff:
For defendant:
Case number:

Under a deal proposed Friday in the long-running Adelphia shareholder litigation, a class of investors will walk away with $12 million as part of a $40 million insurance-funded settlement that Buchanan Ingersoll agreed to last year.

May 08, 2013 |

People in the News

The Lawyers' Club of Philadelphia is scheduled to host its federal judiciary reception at 5:45 p.m. Thursday at the U.S. Courthouse, 601 Market St., Philadelphia.
2 minute read
October 02, 2013 |

People in the News - October 2, 2013

The U.S. Navy hosted a ceremony September 20 to mark the retirement of Captain James A. Backstrom Jr., of the Judge Advocate General's Corps, after 30 years of service.
3 minute read
September 05, 2013 |

The Benefits of Involvement Beyond the Legal Community

For many young lawyers, the easy and immediate answer to the expectation of "getting involved" is participation within the legal community.
6 minute read
October 14, 2013 |

Judge's Beef With Ex-Partners Raises Ethical Question

In a ruling that explored the ethical implications of practicing lawyers sharing fees with sitting judges, the Pennsylvania Superior Court has ruled that an Allegheny County trial judge who is suing his former law partners over the distribution of their now-defunct firm's assets is not entitled to an accounting of contingent fee cases that were resolved following the firm's dissolution.
5 minute read
September 09, 2013 |

Blank Rome Document Production Case Nearing Resolution

The case in which the receiver of a financial services company, which turned out to be a Ponzi scheme, has sued Blank Rome in an effort to compel the production of client files the firm has related to one of the scheme's lenders is almost resolved, according to a federal judge's order.
6 minute read
August 16, 2013 |

Receiver Sues Blank Rome Over Document Production

The receiver of a financial services company that turned out to be a Ponzi scheme has sued Blank Rome in an effort to compel the production of client files the firm has related to one of the scheme's lenders.
5 minute read

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