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Investors Sue Clear Channel In Chancery Over $1B Claim

By Jeff Montgomery (August 28, 2018, 9:26 PM EDT) -- A minority investor in Clear Channel Outdoor Holdings Inc. sued the company's board, majority owners and private equity sponsors in Delaware's Chancery Court late Monday, seeking class damages for alleged failures to seek payment on a $1 billion debt of bankrupt parent iHeartCommunications Inc....

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