Posted on Fri, Apr. 16, 2010
Bankruptcy judge orders taping documents produced
By Christopher K. Hepp Inquirer Staff Writer
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The auction is central to the company’s reorganization plan, which calls for the senior lenders, including Angelo Gordon & Co., CIT Group, and Credit Suisse, to receive the proceeds from the sale to settle about $318 million in debt. The lenders have said they intend to bid on the company.
The taping incident involves a meeting between company officials and some of its senior lenders at Philadelphia Newspapers’ Broad Street headquarters to discuss a possible negotiated settlement of the company’s debt.
Brian P. Tierney, Philadelphia Newspapers’ CEO, discovered Vincent DeVito, a representative of the CIT Group, taping the meeting. In Pennsylvania, taping a meeting without permission is a crime.
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This has come up several times. In the context of Acorn. In the context of police actions. And, now this.
Shouldn’t it ALWAYS be legal to tape something that you are a witness to?
Putting on my Judge Judy hat, seems obvious to me.
Besides aren’t we always hearing: “This call may be recorded for quality assurance”?
I don’t get a choice. So what different.
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