The paperwork going back and forth on the Clear Channel case is piling up.

According to a filing from the banks being sued last night, it could increase almost exponentially.

“Discovery from the banks alone will involve the collection and review for production of hundreds of thousands of pages of documents and e-mails,” they say in a filing where they ask the court to dismiss claims against them.

In fact, it seems as though there were few people who didn’t have some kind of involvement with the deal.

“…given the size and nature of the contemplated transaction, individuals from numerous areas within each of the banks were involved, including their merger acquisitions, loan syndications, high yield syndications, asset based finance, private equity, capital markets, and securitization groups. In addition, more than twenty individuals from the sponsors and the company have been directly involved with the negotiations and dozens more have played some role… Even if depositions were limited to the five individuals with the greatest level of involvement from each of the banks, the sponsors and Clear Channel, respectively, there would be 40 depositions.”

To read the bank’s response click here.

The fight centers around the agreements struck between the banks and the buyout firms. A credit agreement dated last week is buried in these documents (split into four parts):

Part one Part two Part three Part four

The Commitment Letter and lawsuits can be found here.