Deloitte to Pay in Adelphia Case


A U.S. bankruptcy judge has approved a $167.5 million settlement that Deloitte & Touche has agreed to pay to a trust set up by litigants for defunct cable television company Adelphia Communications. D&T and the Adelphia Recovery Trust agreed to the settlement, though Adelphia and Deloitte have been filing a series of claims against each other, with Adelphia accusing Deloitte of malpractice in its audits of the bankrupt company. The settlement doesn't cover the trust's claims against Adelphia's former lenders.

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