Comment on iHeart ripped off $435M in ‘secret transactions’: suit

iHeart ripped off $435M in ‘secret transactions’: suit

A creditor group has sued iHeart Media, claiming the radio station giant “engaged in a series of secret and deceptive transactions” designed to dupe them out of $435 million. The group, which owns $475 million of notes issued before iHeart’s $17.9 billion buyout by two private equity firms in 2008, claims the company assured them...

 

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