Hollinger's Sun-Times Stake Safe: Judge

Law360, New York (August 13, 2007, 12:00 AM EDT) -- A bankruptcy judge shot down Hollinger Inc.’s creditors on Friday in their attempts to divvy up the fallen Canadian giant’s 70% stake in Sun-Times Media Group Inc., leaving what Hollinger has called its primary asset intact.

“Unless a preliminary injunction is issued, it appears to the court that there is a material risk that the debtors’ assets located in the United States could be subject to attack by creditors,” said Judge Peter Walsh of the Delaware court in his order, “undermining the debtors’ efforts to achieve...
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