C-COR.net Unloads Adelphia Claims - Multichannel

C-COR.net Unloads Adelphia Claims

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C-COR.net Corp. said Friday that it will sell its pre-petition trade claims against Adelphia Communications Corp. and its affiliates.

The State College, Pa.-based vendor of broadband-communications products, software systems and services will receive approximately $21 million in an initial cash payment, with additional amounts being held in escrow pending the resolution of certain contingencies.

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