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IHeartMedia Legacy Noteholders Sue Over Ch. 11 Debt Plan

By Ryan Boysen ( March 21, 2018, 10:12 PM EDT) -- A group of debtholders have hit iHeart Media Inc. with an adversary proceeding in the media giant's bankruptcy case, alleging the company has orchestrated a secret, "fraudulent and otherwise wrongful" scheme to shortchange them in its proposed restructuring plan....

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