<< Read Full Article
<< Read Full Article
Adelphia Filing Details Intricate Financial Web
Updated from 7:44 PM EDT
Adelphia Communications (ADLAE Quote) disclosed startling details Friday on the intricate relationships between the cable operator and the family that controlled it up until this week.
The company, commandeered until earlier this week by the extended family of John J. Rigas of Coudersport, Pa., revealed the information in a filing with the Securities and Exchange Commission on Friday evening, after Wall Street had cleared out for the long Memorial Day weekend.
If accurate, the arrangements paint a baffling picture of a family that treated the company as a very large piggybank, and a board of directors uninformed about crucial parts of related party transactions, or completely unaware of such transactions. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,454.80 | 1,109.75 | 2,192.19 | 33.71 |
Oil *
78.49
|
|
UP
2.12
|
UP
0.51
|
UP
7.16
|
UP
0.48
|
10 Yr
3.37%
SPDR Gold
118.93
|
|
+0.02%
|
+0.05%
|
+0.33%
|
+1.44%
|
Data delayed 20 minutes |
Connect with TheStreet