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Bear Stearns acquires $58.24 million Adelphia claim from Motorola
Washington, April 16 - Bear Stearns & Co. Inc. acquired a $58.24 million claim against Adelphia Communications Corp. from Motorola Inc. according to an April 15 filing with the U.S. Bankruptcy Court for the Southern District of New York.
The $58.24 million is a portion of a $68.16 million claim.
Adelphia, a Greenwood Village, Colo.-based cable television systems operator, filed for bankruptcy on June 25, 2002. Its Chapter 11 case number is 02-41729.
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