Report: Hedge funds pile on in CC legal brawl

05/5/2008 | Radio Ink · Radio Online · New York Post

Pentwater Capital Management, which owns a stake in Clear Channel valued in excess of $100 million, filed suit in Texas against banks looking to withdraw financing from the pending sale of the radio company to a consortium of private-equity firms. Another hedge fund, Highfields Capital Management, is expected to file a similar suit, according to news reports.

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Radio Ink · Radio Online · New York Post

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