The federal government and Adelphia are both laying claim to assets acquired by John Rigas and his son Timothy, members of the founding family of the giant cable company they were convicted of looting. Adelphia says it deserves the assets -- including cable companies that the Rigases owned privately -- because they were bought with money stolen from the company. At stake: $2.53 billion in assets, eight times the amount the government seized under forfeiture laws all last year.
December 30, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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