iHeartMedia, Inc. won its lawsuit blocking notices of default from several of its creditors. The verdict on Tuesday from state District Judge Cathleen Stryker permanently blocks bondholders unhappy over a recent transfer of assets within the radio, billboard and digital company from filing default notices against the company in connection […]
Tag: litigation
Is iHeart Making Progress With Creditor Group?
Insider has written about Clear Channel Outdoor’s parent company, iHeart Media, and their debt woes. Their trial in Texas with a group of creditors began this week . We had previously mentioned that iHeart was trying to find a mediated settlement up to the date of the trial. At issue is […]
An Update on iHeart’s Debt Problems
Insider has previously reported on Clear Channel Outdoor’s parent company iHeartMedia and their attempts to resolve a dispute with one of their lending groups. iHeart has a May trial date set to try and block a group of lenders from declaring a default on more than $3 billion in loans. […]
Rapid City Settles Lamar Litigation
Black Hills Fox and KOTA TV report that the Rapid City Legal and Finance Committee has approved a payment of $100,000 to Lamar to settle a five year legal battle. Other provisions of the settlement include: A repeal of the ban on digital LED billboards. An amendment to spacing […]
iHeart Has Trial Date On Debt Dispute
An update on iHeart Media/Clear Channel Outdoor debt issues. The Wall Street Journal is reporting that iHeart has a May trial date set to block a group of lenders from declaring a default on more than $3 billion in loans. In the meantime, both sides have agreed to abide by […]
Appeals Court Rules Against Lamar In Los Angeles
The 2nd District Court of Appeal overturned a lower court ruling that LA’s restrictions on off-site signs violate the California constitutions guarantee of free speech. The decision held that cities can have different on-premise and off-premise rules without violating the first amendment. In 2002 Los Angeles passed a sign ordinance […]
An update on T-Rex Digital Sign Litigation
Who is T-Rex? T-Rex Property AB was founded in 2003 by Mats Hylin, Mats Dahlgren and Fredrik Persson. The company acquired 12 patents for outdoor advertising products.T-Rex Property AB has been suing outdoor companies who use a computer to control digital signs. T-Rex owns US Patent Number RE39,470 titled Digital […]
Rapid City May Settle With Lamar
The Rapid city legal and finance committee has recommended a settlement to end two lingering lawsuits with Lamar, according to the Rapid City Journal. The settlement includes a repeal of the city’s ban on digital billboards a reduction of distance between billboards from 2,000 feet to 1,500 feet protection of […]
