ADELPHIA FRAUD VICTIMS: YOUR TURN

Victims of the Adelphia Communications Corp. securities fraud are being notified that they can petition to recover a portion of their financial losses from what money remains after distributions to creditors of higher standing.

According to the U.S. Attorney for the Southern District of New York, the fraud investigation resulted in the forfeiture of over $700 million, which will be distributed to the victims of the fraud, under the attorney general's discretion.

The announcement comes almost six years after Adelphia spiraled into bankruptcy. A company that once employed upwards of 1,700 people at its corporate headquarters in Coudersport is now operated with a tiny staff situated in Coudersport as well as a rented office suite in Denver.

Several weeks ago, the Adelphia estate announced distribution of another $216 million in cash and 737,476 shares of Time Warner Cable Class A Common Stock to holders of allowed claims against the parent Adelphia Communications Corp.

Payouts were approved by the court under an amended Chapter 11 plan of reorganization. The Time Warner shares had a fair market value of $18 million.

Additional distributions will be made by the Adelphia estate over time as a result of the release of escrows, reserves and holdbacks.

Adelphia Communications Corp. continues under the management of Quest Turnaround Advisors, LLC, its plan administrator, to liquidate its assets and administer its plan of reorganization.

Prior to the sale of substantially all of the consolidated assets of Adelphia to Time Warner and Comcast on July 31, 2006, Adelphia was the fifth largest cable television company in the country.

At the time of its Chapter 11 bankruptcy petition in June 2002, Adelphia served more than 2.4 million customers in 31 states with video services, high-speed internet access and other advanced services over its broadband networks.