Fraud Accusations, Noteholder Nix Claims Lobbed At LBI


It’s been a very busy 48 hours in a Delaware federal bankruptcy court, which is reviewing a Chapter 11 restructuring petition filed on Nov. 21, 2018, by LBI Media.

Much like the ongoing matters involving the emergence from debtor-in-possession status of the nation’s No. 1 owner of radio stations, iHeartMedia, LBI Media — also known as Liberman Broadcasting — is engaged in a major tussle with a group of noteholders.

They say they’re owned millions, and this made made their views known to the court.

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