Philly News Deal With Pension Funds To Get Hearing

Law360, New York (August 23, 2010, 12:54 PM EDT) -- A federal judge on Monday granted Philadelphia Newspapers LLC's request for an emergency hearing on a settlement with a group of pension funds that, if approved, will move the company closer to exiting bankruptcy.

Judge Stephen Raslavich of the U.S. Bankruptcy Court for the Eastern District of Pennsylvania approved the company's motion for an Aug. 26 hearing on the agreement, which would allow claims of $1.51 million from six plans.

Funds that represented the Teamsters and various unions for newspaper reporters and other staff had planned...
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