By Leslie Gevirtz and Megan Davies 1 hour, 9 minutes ago NEW YORK (Reuters) - The banks and buyers in the Clear Channel Communications Inc (CCU.N) case are in settlement talks, two sources familiar with the situation said on Monday, as the scheduled start of a New York trial over financing the $20 billion buyout was delayed.New York State Supreme Court Judge Helen Freedman took the bench just before 10 a.m. and told the packed courtroom that the case would be adjourned until Tuesday morning.
Freedman, who is hearing the case without a jury, gave no reason for the adjournment. She told the lawyers that they could leave their laptops and boxes of files in the courtroom.
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