Unformatted text preview: announced its investigation. The nation's sixth-largest cable television provider, based in Coudersport, Pa., said in a statement Thursday that it has tentatively concluded that it should reflect $1.6 billion worth of "borrowings and related interest expense" incurred by the Rigas family as liabilities in its financial statements. The company was not immediately available for comment Thursday. Adelphia said the changes are subject to the completion of its annual audit by Deloitte & Touche LLP. Adelphia said recently that the delay in filing its annual report for 2001 could force it to default on certain credit agreements. A week before the SEC unveiled its probe, Adelphia admitted that Highland Holdings, a partnership owned by the Rigas family, borrowed money against credit facilities co-guaranteed by Adelphia. Some of the money was used by Highland to buy more shares of Adelphia....
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- Fall '05
- U.S. Securities and Exchange Commission, Adelphia, Adelphia Communications