IN RE ADELPHIA COMMUNICATIONS CORP.

No. 02-41729 (REG).

364 B.R. 518 (2007)

In re ADELPHIA COMMUNICATIONS CORP., et al., Debtors.

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

March 6, 2007.


Attorney(s) appearing for the Case

Covington & Burling LLP, by Alan Vinegrad, Esq., New York, NY, Special Counsel for the Debtors and Debtors in Possession.

Covington & Burling LLP, by Donald W. Brown, Esq, (argued), San Francisco, CA, Special Counsel for the Debtors and Debtors in Possession.

Kasowitz, Benson, Torres & Friedman LLP, by Daniel Zinman, Esq., New York, NY, Counsel for the Creditors' Committee.

Dilworth. Paxson, LLP, by Lawrence G. McMichael, Esq. (argued), Peter C. Hughes, Esq., Christie M. Callahan, Esq., Philadelphia, PA, Counsel for Michael J. Rigas and James P. Rigas.

Harrington & Mahoney, by Mark J. Mahoney, Esq., Buffalo, NY, Counsel for Michael C. Mulcahey.

Golenbock, Eiseman, Assor, Bell & Peskoe, LLP, by Jeffrey T. Golenbock, Esq. (argued), New York, NY, Counsel for Peter Venetis.

Squire, Sanders & Dempsey, LLP, by Alvin B. Davis, Esq. Miami, FL Counsel for Erland Kailbourne.

Bailey Cavalieri, LLC, by Michael Goodstein, Esq., Columbus, OH, Counsel for Associated Electric & Gas Insurance Company.

Farrell Fritz, P.C., by Louis A. Scarcella, Esq., Uniondale, NY, Counsel for Associated Electric & Gas Insurance Company.

Hogan & Hartson, LLP, by Peter R. Bislo, Esq., Edward C. Crooke, Esq., Washington, DC, Counsel for Federal Insurance Co.

Ross, Dixon & Bell, LLP by Leslie S. Ahari, Esq., Washington, D.C., Counsel for Greenwich Insurance Co.


DECISION AND ORDER ON MOTION FOR APPROVAL OF SETTLEMENT AND PURCHASE AGREEMENT WITH D & O INSURERS

ROBERT E. GERBER, Bankruptcy Judge.

In this contested matter1 in a case under chapter 11 of the Bankruptcy Code, the Debtors move, pursuant to Bankruptcy Code section 363 and Bankruptcy Rule 9019, for approval of a settlement (the "Settlement") with the Insurers under their D & O Policies2 under...

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