NY Investment Bank Fights For $3.4M Philly News Fee

Law360, New York (December 20, 2010, 8:17 PM EST) -- Sonenshine Partners LLC is battling the group of secured lenders that purchased Philadelphia Newspapers LLC, contending that it is entitled to a $3.4 million fee for spearheading the auction that assured the bankrupt media company's sale.

Judge Stephen Raslavich of the U.S. Bankruptcy Court for the Eastern District of Pennsylvania granted the New York investment bank's bid Monday for an expedited hearing to strike the lenders' objection to its fee request.

Philadelphia Media Network Inc., the renamed company the lenders bought, filed a scathing objection Thursday...
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