Philly Inquirer's Majority Owners Push For Dissolution In Del.

Law360, Philadelphia (February 3, 2014, 5:45 PM EST) -- Attorneys for the majority owners of the Philadelphia Inquirer told a Pennsylvania state judge on Monday that she did not have jurisdiction over a petition filed by a rival ownership faction seeking dissolution of the paper’s Delaware-based parent company.

An attorney for General American Holdings LLC, an entity representing the majority owners of Inquirer parent Interstate General Media Holdings LLC, argued that the Delaware Limited Liability Company Act vested the Delaware Court of Chancery with sole authority to oversee the dissolution of companies registered in the...
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