Adelphia Communications Corp., which is suing founder John Rigas and his sons to recover $3.2 billion, Wednesday asked a judge to reject the family's request to review borrowing agreements and question the company's accounting staff.
"The Rigases have received, and spent, millions of dollars reviewing millions and millions of pages of evidence and tens of thousands of pages of witness statements," Adelphia lawyer Philip Korologos said in court papers. "The Rigas defendants have more than sufficient evidence at their disposal to try to mount a defense."
The Rigases want to review the borrowing agreements to discern whether they owe the money to Adelphia or to a group of banks that loaned the company money, including Bank of Montreal, Fleet National Bank, Bank of New York, First Union National Bank, and The Bank of Nova Scotia. They also want to question Adelphia accounting personnel on how the funds were tracked in the company's accounting system.