Marshall Broadcasting Renews Call for HDO Against Nexstar
Nexstar concealed information about the value of stations sold to Marshall Broadcasting and exerted financial control over those stations after divesting them to Marshall in 2014, said Marshall Broadcasting in a filing at the FCC intended as a second supplement…
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its 2019 call for a hearing designation order against Nexstar (see 1909090039). Marshall is also involved in a breach of contract lawsuit against Nexstar over the same allegations, currently stayed in New York Supreme Court (see 1911010061). The broadcaster said Nexstar’s filings in Marshall’s bankruptcy litigation showed it had concealed financial information from Marshall. The bankruptcy filings provide evidence “of Nexstar’s intent not only to defraud MBG from receiving promised assets as part of the sale of stations with an inflated purchase price, but also to seize primary financial control over MBG’s funds,” Marshall said in the FCC supplement. Nexstar didn’t comment.