{"id":27806,"date":"2012-03-07T11:40:25","date_gmt":"2012-03-07T16:40:25","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=27806"},"modified":"2012-03-07T11:40:25","modified_gmt":"2012-03-07T16:40:25","slug":"transfers-at-clear-channel-in-dispute","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2012\/transfers-at-clear-channel-in-dispute.html","title":{"rendered":"Transfers at Clear Channel in Dispute"},"content":{"rendered":"<p>(Wall Street Journal) A hedge fund is accusing a subsidiary of Clear Channel Communications Inc. of improperly moving $656 million to its debt-laden parent, which is owned by private-equity giants Bain Capital Partners and Thomas H. Lee Capital Partners.<\/p>\n<p>The cash transfers, which were fully disclosed, were made from billboard company Clear Channel Outdoor Holdings Inc. The company is 89% owned by Clear Channel Communications, with the rest owned by public shareholders.<\/p>\n<p>JHL Capital Group, a $1.5 billion Chicago hedge fund, argues in a letter to the billboard company that its board members may be liable for &#8220;breach of duty&#8221; due to cash &#8230;<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052970204276304577263432206437496.html?mod=googlenews_wsj\">Read Full Story at Wall Street Journal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Wall Street Journal) A hedge fund is accusing a subsidiary of Clear Channel Communications Inc. of improperly moving $656 million to its debt-laden parent, which is owned by private-equity giants Bain Capital Partners and Thomas H. Lee Capital Partners. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27806","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=27806"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27806\/revisions"}],"predecessor-version":[{"id":27807,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27806\/revisions\/27807"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=27806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=27806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=27806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}