Inner City Sues To Protect Trademarks From Creditors
January 31, 2012 at 3:54 AM (PT)
INNER CITY BROADCASTING CORP., presently in bankruptcy, has filed suit against its senior lenders to keep 13 trademarks that the lenders have linked to a loan on which the company owes about $250 million, reports LAW360.
ICBC wants the federal court for the Southern District of NEW YORK to rule that the trademarks were not included in the pledge to lenders. The trademarks include call letters for WLIB-A and WBLS/NEW YORK, "SUNDAY CLASSICS," "CIRCLE OF SISTERS" and variations on the INNER CITY name.