myfoxphilly PHILADELPHIA - 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 judge Monday appointed unsecured creditors to pursue the allegation so it does not remain a "sideshow" of the bankruptcy case.
Both sides appear pleased by the decision.
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.
Philadelphia Newspapers filed for bankruptcy in February.
Both sides appear pleased by the decision.
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.
Philadelphia Newspapers filed for bankruptcy in February.
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