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1
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COMPLAINT
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EXTRACTED KEY WORDS
SECURITIES PLAINTIFF DEFENDANTS REPORTS CLASS ACTION EXCHANGE ACT BUSINESS MEMBERS FEDERAL SECURITIES MISLEADING MATERIALLY FALSE ARTIFICIALLY INFLATED PRICES INDIVIDUAL DEFENDANTS FILINGS COMMUNICATIONS PURCHASERS DEFENDANT TIMOTHY RIGAS COMMON STOCK MATERIAL FACTS RELEVANT TIMES OFF-BALANCE SHEET DEBT DISSEMINATION UNITED STATES SECURITIES ALLEGATION PARTICIPATION MISREPRESENTATIONS REPORTED REVENUES EBITDA GROWTH DIGITAL CABLE SUBSCRIBERS |
UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF PENNSYLVANIA
Individually And On Behalf of All ) CIVIL ACTION NO.
>
>
Plaintiff,
CLASS ACTION COMPLAINT
FOR VIOLATIONS OF
> FEDERAL SECURITIES
ADELPHIA COMMUNICATIONS >
CORPORATION, TIMOTHY RIGAS and JOHN J. )
RIGAS, > JURY TRIAL DEMANDED
>
Defendants. >
Plaintiff has alleged the following based upon the investigation of
counsel, which included a review of United States Securities and Exchange Commission
filings by Adelphia Communications Corporation ("Adelphia" or the "Company"), as well as
regulatory filings and reports, securities analysts' reports and advisories about the
press releases and other public statements issued by the Company, and media reports about
Company, and plaintiff believes that substantial additional evidentiary support will exist
allegations set forth herein after a reasonable opportunity for discovery.
NATURE OF THE ACTION
1. This is a federal securities class action on behalf of purchasers of the
Adelphia between April 2,200l and April 1, 2002, inclusive (the "Class Period"), seeking
pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act").
JURISDICTION AND VENUE
2. The claims asserted herein arise under and pursuant to Sections 1 O(b)
the Exchange Act [ 15 U.S.C. $8 78j(b) and 78t(a)] and Rule lob-5 promulgated thereunder
the Securities and Exchange Commission ("SEC") [ 17 C.F.R. 0 240.1 Ob-51.
SNIPPETS:
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