MLB Gets Limited Discovery Of Dodgers' Lender

Law360, Wilmington (July 12, 2011, 6:22 PM EDT) -- A Delaware bankruptcy court on Tuesday granted Major League Baseball limited discovery from the hedge fund that loaned $60 million to the Los Angeles Dodgers as the league attempts to supplant the loan with an MLB-sponsored financing package.

U.S. Bankruptcy Judge Kevin Gross granted MLB a deposition and limited document production from Highbridge Principal Strategies LLC, a JP Morgan-affiliated hedge fund, but constrained the discovery only to the terms of the debtor-in-possession loan itself, which would be worth $150 million upon final approval.

The judge ruled...
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