Suit Over Failed Emmis Buyout Bid Moves To Federal Court
October 29, 2010 at 4:30 AM (PT)
JEFF SMULYAN's JS AQUISITION LLC has refiled its lawsuit against ALDEN GLOBAL CAPITAL and its affiliates over ALDEN's pulling out of the bid to take EMMIS COMMUNICATIONS private, according to JUSTIA.COM.
JS had filed suit SEPTEMBER 15th in MARION COUNTY Superior Court. The suit was refiled on OCTOBER 21st in UNITED STATES District Court for the Southern District of INDIANA against ALDEN GLOBAL DISTRESSED OPPORTUNITIES MASTER FUND, LP, ALDEN GLOBAL VALUE RECOVERY MASTER FUND, LP and ALDEN MEDIA HOLDINGS, LLC, with WILLIAM T. LAWRENCE as Presiding Judge.