The Los Angeles Dodgers received permission from a bankruptcy court judge in Delaware on Tuesday to access $60 million in debtor-in-possession financing provided by JPMorgan Chase hedge fund affiliate Highbridge Principal Strategies in order to meet payroll.
Court records show that Fried, Frank, Harris, Shriver & Jacobson bankruptcy partner Gary Kaplan is advising Highbridge in the Chapter 11 case by the Dodgers, who stunned Major League Baseball and commissioner Bud Selig on Monday by putting the historic team’s fate in the hands of a bankruptcy judge.
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