Bally Sports Says JPMorgan Took $1B, Pushing It To Ch. 11

By Dorothy Atkins (August 22, 2023, 9:51 PM EDT) -- JPMorgan Chase & Co. allegedly helped Sinclair Broadcast Group illegally gut Sinclair's own Bally Sports regional sports networks unit, siphoning off $929 million from the affiliate and charging $245 million in fees while knowing the affiliate was likely insolvent, according to a lawsuit unsealed in Texas bankruptcy court....

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