Adelphia liquidating trust datingsitesimulator com
On July 13, 2011 the Bankruptcy Court denied FPL’s motion for leave to amend its answer to add a new defense.
Pursuant to the Third Modified Fourth Amended Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code for Century-TCI Debtors and Parnassos Debtors (the “JV Plan”), which became effective on July 31, 2006; the Main Plan, which became effective on February 13, 2007; and certain other orders entered by the Bankruptcy Court, litigation indemnification funds (each, a “LIF”) were created with funds provided by Adelphia to provide certain defendants in the Bank Litigation (see Plan) provisional and conditional reimbursement of legal fees and expenses expected to be incurred in connection with defending litigation involving certain credit facilities.
These condensed financial statements should be read in conjunction with the ART’s audited financial statements for the year ended December 31, 2010 included in its Form 10-K filed with the Securities and Exchange Commission (“ ”) on March 4, 2011.
The Trust Administrator and Adelphia continue to provide administrative support to the ART including maintaining electronic data and paper documents used in prosecuting the Causes of Action, financial reporting and support for Distributions when they might occur (including maintenance of data related to the implementation of Plan provisions).On April 7, 2011, the District Court granted Goldman’s summary judgment motion and judgment was entered April 13, 2011.On May 6, 2011, the ART timely filed its notice of appeal to the Court of Appeals for the Second Circuit. On October 27, 2009, Defendants moved for summary judgment on the ART’s claims.Maximizing recovery is the primary goal of every liquidating trustee. Bankruptcy Court for the Northern District of Texas then confirmed the plan and the Court established the PR Liquidating Trust with Milo Segner as liquidating trustee. In May, 2010, 93 percent of investors approved a liquidation plan for Provident Royalties, LLC.