...negotiations sour.
PA - A judge wants bankrupt Philadelphia Newspapers to focus on its financial reorganization while others investigate claims an investor illegally tape-recorded a sensitive financial meeting.
The ruling follows testimony Monday from Brian Tierney, chief executive of Philadelphia Newspapers. Tierney says a representative of New York-based CIT Group Inc. recorded a November meeting in his office. He says the pre-bankruptcy negotiations soured after he raised concerns about the taping. (more) (more) (more)
