Michelle Malkin and the Radio Equalizer are doing some investigative reporting on the unfolding scandal at the leftist radio network, Air America. According to Malkin, It's not just the Gloria Wise Boys & Girls that's knocking on Air America Radio's door looking for lost money. According to court records obtained by Radio Equalizer/MichelleMalkin.com, another major creditor has been demanding that Air America pay up. The liberal radio network has refused to do so, despite a court order and scathing words from a New York judge overseeing the case. Now, the creditor--Multicultural Radio Broadcasting Inc.--has filed a new complaint, accusing Air America and Piquant LLC (Air America's current owners) of engaging in a "sham transaction" and "fraudulent conveyance" of assets in order to avoid paying its debts. (See the prescient Professor Bainbridge for corporate law background.)
No comments:
Post a Comment