Remand Order

Download 4208_order_usdc_western_dist_texas.pdf .  When this was first filed I hadn't realized that CC Media was the S-4 filing vehicle.  Given this, its participation is valid, and the remand is rightly decided (yes, I know this is a self-serving statement).  It doesn't matter anyway since the order is non-appealable. 

The banks are backed into a corner at this point to the extent the private equity firms don't turn.  Expect a public settlement offer soon to the extent they are not talking already.