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: How Appealing

"Court rules against Phila. Newspapers creditors"

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"Court rules against Phila. Newspapers creditors": The Philadelphia Inquirer has a news update that begins, "A federal appeals court has ruled that Philadelphia Newspapers L.L.C., the parent company of The Inquirer, the Daily News and Philly.com, can bar its senior lenders from using their debt to try to purchase the company at auction."

And The Associated Press reports that "Philly newspaper creditors can't bid with credit."

The decision is not yet freely available from the web site of the U.S. Court of Appeals for the Third Circuit.

Update: You can view today's ruling, by a divided three-judge Third Circuit panel, at this link.

Full post as published by How Appealing on March 22, 2010 (boomark / email).

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