Bain, THL Face Suit Over $656M Clear Channel Transfer
By Natalie Rodriguez ( March 8, 2012, 8:01 PM EST) -- A lawsuit filed Thursday accuses Clear Channel Communications Inc.'s private equity owners Bain Capital Partners and Thomas H. Lee Partners of bullying a subsidiary of the media giant into loaning its ailing parent more than $656 million at a sweetheart rate to the detriment of public shareholders....
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