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In re Philadelphia Newspapers LLC

In re Philadelphia Newspapers LLC

Ruling
Debtor could reject asset purchase agreement.
Procedural posture

Before the court was debtors' motion for an order rejecting an asset purchase agreement (APA) and related agreements between certain of the debtors and the counterparty. The counterparty opposed the motion.

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Commercial opinion summary, case decided on January 13, 2010 , LexisNexis #0310-077