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IHeartMedia decision upheld in appeals court
10/12/2017
Ethan Miller/Getty Images

San Antonio's Fourth Court of Appeals has upheld a 2016 ruling that determined that iHeartMedia's 2015 intercompany transfer of $516 million in stock did not violate contract terms with company debtholders. The original ruling blocked debtholders from filing default notices after claiming the transfer violated contractual terms.

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