$161M Investor Suit Trimmed


Another case before the Delaware Chancery Court, brought against Spanish Broadcasting Systems Inc. — one of the nation’s leading Spanish-language radio and TV operators — has been trimmed by 11 funds that had invested in the company and are seeking $161 million in preferred stock and a bar on company debt additions, LAW360 is reporting. It was found that the investors wanted relief already sought under breach of contract claims.

Please Login to view this premium content. (Not a member? Join Today!)