Aurelius Contests Sealing Of Tribune Creditors' Suit

Law360, New York (February 10, 2010, 4:53 PM EST) -- Aurelius Capital Management LP is attacking an attempt by bankrupt Tribune Co.’s unsecured creditors committee to keep under wraps its complaint against various banks over their role in a 2007 leveraged buyout that left the news giant stuck with more than $10 billion in debt.

Aurelius, a manager of funds that own bonds issued by Tribune, lodged an objection Tuesday in the U.S. Bankruptcy Court for the District of Delaware that the unsecured creditors should be prevented from filing their suit under seal.

The official committee...
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