JPMorgan Asks Judge To Reconsider Freedom Loan Division

Law360, New York (February 29, 2012, 4:54 PM EST) -- A JPMorgan Chase Bank NA attorney tried again Wednesday to persuade a New York state judge to use the bank's formula to divvy up what's left of a $300 million loan to Freedom Communications Inc. after the media conglomerate went bankrupt.

The problem is that one of the lenders on the $300 million loan, Credit Industriel et Commercial — whose claim has since been bought by Luxor Capital LLC — didn't fund its portion of the multibank loan to the then-embattled media company.

When Freedom Communications...
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