Tag Archive: Bankruptcy

Third Circuit Upholds Prohibition on Credit Bid in Philadelphia Newspapers Auction

The incumbent management of the bankrupt company that owns the Philadelphia Inquirer and the Philadelphia Daily News won a significant, but likely short lived, victory in the Third Circuit Yesterday. The Daily News reports that a three judge Thgird Circuit panel has upheld bankruptcy Judge Steven Raslavich’s ruling prohibiting the company’s creditors from using the…

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