Jan 08

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Blog Post: Cumulus' Ch. 11 Plan Releases Draw US Trustee Scrutiny

by Anonymous

Bankrupt radio giant Cumulus Media Inc. should be required to revise language in its Chapter 11 plan solicitation materials to clear up concerns over broad third-party litigation releases and how creditors might avoid consent to those provisions, an attorney for the U.S. trustee said in a Monday court filing.
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