Sentencing Postponed for Adelphia’s Rigases
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From Bloomberg News
A judge postponed the sentencing of Adelphia Communications Corp. founder John Rigas and his son Timothy on fraud and conspiracy charges until Feb. 23 so attorneys can try to reach a restitution agreement.
U.S. District Judge Leonard Sand in New York moved the sentencing from Jan. 5 at the request of prosecutors and defense attorneys. John Rigas, 80, and Timothy, 48, face dozens of years in prison for their convictions in July on charges of looting the No. 5 cable television company and lying about its finances.