Brian Tierney wants to investigate whether a creditor illegally tape-recorded a meeting during which sensitive financial information was discussed.
Tierney, CEO of Philadelphia Newspapers LLC, plans to testify Monday in U.S. Bankruptcy Court. He wants the court to hire a law firm to investigate.
Tierney says he saw it with his own eye, first at a November 2008 meeting, according to KYW radio:
"One of the folks from CIT Financial... I saw that he had a secret tape recorder going on behind his notebook. And I said, 'Is that a tape recorder?' And he said, 'Excuse me?' And I said, 'Right there -- is that a tape recorder? That's illegal in Pennsylvania.' "
Tierney says he went straight to CIT's attorneys and the exchange got pretty heated. After that, Tierney says CIT said in a letter that the taping occurred only once and that the tape was destroyed, according to the radio report. But Tierney says in a deposition, another banker said the CIT banker taped things all the time.
"And we have a letter from the lawyer from CIT, which is based in New Jersey, saying it only happened once. And we need to get to the bottom of it," Tierney demanded in court Tuesday.
