CBS deal likely approved by Network Ten creditors, but KordaMentha acknowledges door open for court challenge from shareholders
The Australian Financial Review | Max Mason | 03 Sep 2017
"... lawyers for administrator KordaMentha admitted in court last week the CBS proposal could face a challenge from shareholders.
It is understood Birketu and Illyria, the private investment vehicles of Mr Gordon and Mr Murdoch respectively and two of Ten's largest shareholders, have asked to be notified when KordaMentha goes to court to have shares in Ten transferred to CBS. Any basis for any legal challenge would likely need to be based around whether Ten's shares still hold value."
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