iHeart ‘Legacy Noteholders’ Get Adversary Proceeding


Has iHeartMedia staged a surreptitious “fraudulent and otherwise wrongful” plan to shrink the dollars they believe are owed to them?

That what the company’s legacy noteholders claim is the biggest problem with the media company’s Chapter 11 restructuring plan it has submitted to a Texas bankruptcy court, and on Wednesday moved forward with an adversary proceeding in the case.

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