The Polyphonic Spree, Ambulance Ltd and Universal Music Group all filed papers on Friday (June 6) objecting to TVT's attempts to sell its record contracts with bands that signed to the label before it went bankrupt.

Ambulance Ltd are continuing to work on their second album, following a stint in the studio with John Cale last year. As previously reported here, the Velvet Underground legend spent a spell in the studio with frontman Marcus Congleton last fall in Los Angeles, resulting in 18 tracks.