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After months of negotiations, John and Timothy Rigas, the father-and-son duo who controlled the cable giant Adelphia, are to be sentenced Monday for conspiring to use the company as their personal piggybank. Normally, the Rigases would have been sentenced by the end of 2004, Adelphia would have likely settled the SEC charges, and the bankruptcy court would be administering creditors' claims. But there was nothing normal about these circumstances as the government and Adelphia soon vied for the same assets.
June 17, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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