Defendant Name: Adelphia Communications Corp.

Defendant Type: Public Company
SIC Code: 4840
CUSIP: 00684810

Initial Case Details

Legal Case Name SEC v. Adelphia Communications Corporation, John J. Rigas, Tmothy J. Rigas, Michael J. Rigas, James P. Rigas, James R. Brown, and Michael C. Mulcahey
First Document Date 24-Jul-2002
Initial Filing Format Civil Proceeding
Case Number 02-cv-05776
Allegation Type Issuer Reporting and Disclosure
Federal District Court New York, Southern District of New York

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Securities Act
• Sec 17(a) (Not specified)
Additionally, Michael C. Mulcahey is alleged to have aided and abetted Adelphia Communications Corp.'s violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.
John J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 12b-20 of the Exchange Act.
Timothy J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 12b-20 of the Exchange Act.
Michael J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 12b-20 of the Exchange Act.
James P. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 12b-20 of the Exchange Act.
James R. Brown is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 12b-20 of the Exchange Act.
John J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(a) of the Exchange Act.
Timothy J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(a) of the Exchange Act.
Michael J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(a) of the Exchange Act.
James P. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(a) of the Exchange Act.
James R. Brown is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(a) of the Exchange Act.
John J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 13a-1 of the Exchange Act.
Timothy J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 13a-1 of the Exchange Act.
Michael J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 13a-1 of the Exchange Act.
James P. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 13a-1 of the Exchange Act.
James R. Brown is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 13a-1 of the Exchange Act.
John J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 13a-13 of the Exchange Act.
Timothy J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 13a-13 of the Exchange Act.
Michael J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 13a-13 of the Exchange Act.
James P. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 13a-13 of the Exchange Act.
James R. Brown is alleged to have controlled Adelphia Communications Corp.'s violation of Rule 13a-13 of the Exchange Act.
John J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Timothy J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Michael J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
James P. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
James R. Brown is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Michael C. Mulcahey is alleged to have aided and abetted Adelphia Communications Corp.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
John J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Timothy J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Michael J. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
James P. Rigas is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
James R. Brown is alleged to have controlled Adelphia Communications Corp.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Michael C. Mulcahey is alleged to have aided and abetted Adelphia Communications Corp.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

First Resolution Date 30-Oct-2008

Related Documents:

complaint_02-cv-05776 24-Jul-2002 Complaint
Complaint
The SEC stated: "This case concerns one of the most extensive financial frauds ever to take place at a public company. From at least 1998 through March 2002, Adelphia - the nation's sixth largest cable-television company - systematically and fraudulently excluded billions of dollars in liabilities form its consolidated financial statements by hiding them on the books of off-balance sheet affiliates. It also inflated earnings to meet Wall Street's expectations, falsified operations statistics, and concealed blatant self-dealing by the family that founded and controlled Adelphia, the Rigas Family."
LR-20795 30-Oct-2008 Litigation Release
Securities and Exchange Commission files motion to authorize distribution of funds to victims of the fraud perpetrated by Adelphia Communications Corp. ("Adelphia") in accordance with procedures adopted by U.S. Department of Justice in connection with Adelphia Victim Fund
The SEC stated that: "[I]t has filed a motion with the U.S. District Court overseeing its civil enforcement action against Adelphia Communication Corp. for an order authorizing the distribution of $95 million plus accrued interest (the "SEC Fund") held in the court's registry to victims of the Adelphia fraud in accordance with the procedures adopted by the U.S. Department of Justice with respect to the Adelphia Victim Fund."
lr20795-m 30-Oct-2008 Court Docket Document
Notice of Motion for Order Authorizing Distribution of Funds Held in Court Registry to Victims of Adelphia Fraud in Accordance With Procedures Adopted by U.S. Department of Justice With Respect to Adelphia Victim Fund
The SEC stated: "[T]he plaintiff, Securities and Exchange Commission, will move this Court . . . for an order ("Order") authorizing the distribution of funds held in the Court's registry to victims of the Adelphia fraud in accordance with procedures adopted by the U.S. Department of Justice with respect to the Adelphia Victim Fund."
lr20795-o 30-Oct-2008 Court Docket Document
Proposed Order Approving Distribution Plan
The document contains the proposed order approving the distribution plan based on the SEC's "motion for an order authorizing the distribution of funds held in the Court's registry . . . to victims of the Adelphia fraud in accordance with procedures adopted by the U.S. Department of Justice . . . with respect to the Adelphia Victim Fund."

Other Defendants in Action:

John J. Rigas
Timothy J. Rigas
Michael J. Rigas
James P. Rigas
James R. Brown
Michael C. Mulcahey

Related Actions:

In the Matter of Gregory M. Dearlove, CPA
Gregory M. Dearlove