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Freedom Made Shady JPMorgan Fees Deal: Creditors

Law360, New York (October 13, 2009) -- Freedom Communications Holdings Inc. has drawn fire from its unsecured creditors, which claim the bankrupt news publisher entered a shady deal to pay “unprecedented” fees to JPMorgan Chase Bank NA.

In a motion filed Monday in the U.S. Bankruptcy Court for the District of Delaware, the official committee of unsecured creditors accused the publisher of paying JPMorgan undisclosed post-petition fees...

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