Wall Street Journal, April 1, 2008
By Peter Lattman and Matthew Karnitschnig

The six banks accused of reneging on the funding of the $19.4 billion Clear Channel Communications Inc. deal laid out their defense in a court filing Monday, accusing buyout firms Thomas H. Lee Partners LP and Bain Capital Partners LLC of blindsiding them with a lawsuit while they were in the middle of negotiating the deal.

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