Inner City Media Parent Sues Over Taking Of $1M In Artwork

Law360, New York (August 14, 2012, 8:07 PM EDT) -- The parent company of bankrupt Inner City Media Corp. sued the bankrupt firm's senior lenders, chief restructuring officer and others in New York bankruptcy court Monday for removing $1.1 million in artwork that the lenders allegedly had no claim to from Inner City Media's offices.

Inner City Broadcasting Corp. claimed in its adversary proceeding that Robert J. Maccini of Media Consulting Services LLC, acting in concert with lenders including funds managed by the Yucaipa Cos. and Fortress Investment Group LLC,  advised the plaintiff that the artwork,...
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