IN RE ADELPHIA COMMUNICATIONS CORP.

Nos. 02-41729, M47 (SAS).

361 B.R. 337 (2007)

In re ADELPHIA COMMUNICATIONS CORPORATION, et al., Debtors, ACC Bondholder Group, Appellants, v. Adelphia Communications Corporation, et al., Appellees.

United States District Court, S.D. New York.

January 24, 2007.


Attorney(s) appearing for the Case

Weil, Gotshal & Manges LLP, By: Martin J. Bienenstock, Brian S. Rosen, Richard W. Slack, Vernon S. Broderick, New York, NY, Melanie Gray, Sylvia Mayer, Houston, Texas, for ACC Bondholder Group.

Stutman, Treister & Glatt P.C., By: Isaac M. Pachulski, Stephan M. Ray, Los Angeles, CA, Co-Counsel for ACC Bondholder Group.

Willkie Farr & Gallagher LLP, By: Marc Abrams, Myron Trepper, Roger D. Netzer, Paul V. Shalhoub, Brian E. O'Connor, Terence K. McLaughlin, Rachel Strickland, New York, NY, for Debtors and Debtors in Possession.

Kasowitz, Benson, Torres & Friedman LLP, By: David M. Friedman, Adam L. Shiff, Howard W. Schub, New York, NY, for Official Committee of Unsecured Creditors.

Klee, Tuchin, Bogdanoff & Stern LLP, By: Edward T. Attanasio, Los Angeles, CA, for Official Committee of Unsecured Creditors.

Morgenstern Jacobs & Blue LLC, By: Gregory A. Blue, Eric B. Fisher, New York, NY, for Official Committee of Equity Security Holders.

Sheppard Mullin Richter & Hampton LLP, By: David J. McCarty, Los Angeles, CA, for U.S. Bank National Association, as Indenture Trustee in Respect of Arahova Notes.

Seward & Kissel LLP, By: Arlene R. Alves, New York, NY, for Law Debenture Trust Company of New York, as ACC Senior Notes Trustee.

White & Case LLP, By: J. Christopher Shore, New York, NY, for Ad Hoc Committee of Arahova Noteholders.

Fried Frank Harris Shriver & Jacobson LLP, By: Gary Kaplan, New York, NY, for W.R. Huff Asset Management Co., L.L.C.

Haynes and Boone, LLP, By: Robin E. Phelan, Judith Elkin, New York, NY, for Bank of America, N.A., as Administrative Agent for the Century Cable Lenders.

Bracewell & Giuliani, LLP, By: Jennifer Feldcher, New York, NY, for Ad Hoc Committee of Non-Agent TCI and Parnassos Lenders.

Simpson Thacher & Bartlett LLP, By: Peter Pantaleo, Elisha D. Graff, New York, NY, for Wachovia Bank, N.A., as Administrative, Agent for the UCA Lenders.

Goodwin Procter LLP, By: Michael K. Isenman, Washington, D.C., By: Gina Lynn Martin, Boston, MA, By: Allan S. Brilliant, New York, NY, for Highfields Capital Management and Tudor Investment Corporation.

Pachulski Stang Ziehl Young Jones & Weintraub P.C. LLP, By: Dean Ziehl, New York, NY, By: Richard Pachulski, Los Angeles, CA, for Ad Hoc Bondholders' Committee (a/k/a Committee II).

Clifford Chance U.S. LLP, By: Andrew Brozman, James Moyle, New York, NY, for Calyon New York Branch.

Clifford Chance U.S. LLP, By: Angelique Shingler, New York, NY, for Bank of N.Y.

Cadwalader Wickersham & Taft LLP, By: Kathryn L. Turner, New York, NY, for Perry Capital, LLC.

Sidley Austin LLP, By: Lee S. Attanasio, New York, NY, for Fort Myers Noteholders.

Cole, Schotz, Meisel, Forman & Leonard, P.A., By: John H. Drucker, New York, NY, for Class Action Plaintiffs.

Kramer Levin Naftalis & Frankel LLP, By: Kenneth H. Eckstein, Jeffrey S. Trachtman, New York, NY, for Frontier-Vision Ad Hoc Committee.

Milbank, Tweed, Hadley & McCloy LLP, By: James C. Tecce, New York, NY, for JPMorgan Chase Bank.

Kirkland & Ellis LLP, By: Richard L. Wynne, Michael I. Gottfried, Los Angeles, CA, for Ad Hoc Committee of Lenders.

Cleary, Gottlieb, Steen & Hamilton, By: Lindsee P. Granfield, Luke A. Barefoot, Jane Kim, New York, NY, for Certain Investment Banks.

Satterlee, Stephens, Burke & Burke, LLP, By: Christopher R. Belmonte, New York, NY, for Prestige Communications.

Shearman & Sterling, LLP, By: Marc B. Hankin, New York, NY, for Rembrandt Technologies, L.P.

Kleinberg, Kaplan, Wolff & Cohen, PC, By: David Parker, New York, NY, for Elliot Associates, LP and John Pike.

Kelley, Drye & Warren, LLP, By: Geoffrey W. Castello, Parsippany, NJ, for Wilmington Trust Co.

Dorsey & Whitney, LLP, By: Katherine A. Constantine, Minneapolis, MN, for U.S. Bank, N.A., as Indenture Trustee.

Wilmer, Cutler, Pickering, Hale & Dorr, LLP, By: Joel Millar, New York, NY, for Credit Suisse and Royal Bank of Scotland.

Luskin, Tern & Eisler, LLP, By: Michael Luskin, New York, NY, for The Bank of Nova Scotia.

Farrell Fritz, P.C., By: Louis A. Scarcella, Uniondale, NY, for Associated Electric & Gas.

Brown Rudnick Berlack Israels, LLP, By: Steven D. Pohl, New York, NY, for Ad Hoc Trade Claims Committee.

Baker Botts, LLP, By: Eric Soderlund, Dallas, TX, for Verizon Media Ventures.


OPINION AND ORDER

SCHEINDLIN, District Judge.

The present dispute arises out of the approximately 230 jointly administered chapter 11 cases of Adelphia Communications Corporation ("ACC") and its subsidiaries (collectively, the "Debtors"). The ACC Bondholder Group1 now moves, pursuant to Federal Rule of Bankruptcy Procedure 8005, for a stay pending appeal and for an expedited appeal...

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