Bankrupt Media Company Sued; Parent Company Says $1.1M In Artwork Taken Wrongfully

Bankrupt Media Company Sued; Parent Company Says $1.1M In Artwork Taken Wrongfully

NEW YORK - Inner City Broadcasting Corp. (ICBC), the parent company of bankrupt Inner City Media Corp. (ICMC), on Aug. 13 sued the company's senior lenders, the chief restructuring officer and others in the U.S. Bankruptcy Court for the Southern District of New York, arguing that they wrongfully removed $1.1 million in artwork from ICMC's offices (Inner City Broadcasting Corporation v. YMF Media LLC, et al. (In Re: Inner City Media Corporation), No. 12-01796, Chapter 11, S.D. N.Y. Bkcy.). Subscribers may view the complaint available within the full Mealey's article.

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