$161M Investor Suit Trimmed

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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.

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