-jma
http://www.myfoxphilly.com/dpp/news/local_news/042009_Newspaper_CEO_Testifies_On_Alleged_Taping
Newspaper CEO Testifies On Alleged Taping
PHILADELPHIA - A judge wants bankrupt Philadelphia Newspapers to
focus on its financial reorganization while others investigate claims
an investor illegally tape-recorded a sensitive financial meeting.
The judge Monday appointed unsecured creditors to pursue the
allegation so it does not remain a "sideshow" of the bankruptcy case.
Both sides appear pleased by the decision.
The ruling follows testimony Monday from Brian Tierney, chief
executive of Philadelphia Newspapers.
Tierney says a representative of New York-based CIT Group Inc.
recorded a November meeting in his office. He says the pre-bankruptcy
negotiations soured after he raised concerns about the taping.
Philadelphia Newspapers filed for bankruptcy in February.
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James M. Atkinson Phone: (978) 546-3803
Granite Island Group Fax: (978) 546-9467
127 Eastern Avenue #291 Web:
http://www.tscm.com/
Gloucester, MA 01931-8008 E-mail: mailto:jm..._at_tscm.com
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No enterprise is more likely to succeed than one concealed from the
enemy until it is ripe for execution. - Machiavelli, The Prince, 1521
Received on Sat Mar 02 2024 - 00:57:16 CST