Why Does The SEC Object To An iHeart BK Court OK?


The U.S. Securities and Exchange Commission on Tuesday submitted an 11-page objection to the approval by a Houston Bankruptcy Court Judge of a disclosure statement relating to the “third amended joint Chapter 11” reorganization plan of iHeartMedia.

Why is the SEC displeased with the court’s decision?

It’s a bit complex, but it involves “an extensive list of non-debtor third parties.”

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