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IHeartMedia Creditors Seek To Bring Claims Against Lenders

Law360 (July 10, 2018, 9:22 PM EDT) -- The unsecured creditors of iHeartMedia Inc. asked a Texas bankruptcy judge on Monday to let them take control of and prosecute claims against the radio giant's more senior creditors, questioning the validity of certain liens that could affect overall Chapter 11 recoveries and billions of dollars' worth of claims.

A committee of unsecured iHeartMedia creditors is making an audacious effort to potentially enhance its Chapter 11 recoveries from the troubled broadcast company as it seeks to restructure more than $20 billion worth of debt in bankruptcy....
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