Law Debenture, JPMorgan Spar Over Tribune LBO Fees

By Nick Brown

Law360, New York (March 16, 2010, 4:35 PM ET) -- A trustee for Tribune Co. bondholders has asked a court to bar Tribune's nondebtor subsidiaries from continuing to pay millions in bank fees related to a highly contentious 2007 leveraged buyout, saying lenders, including JPMorgan Chase Bank NA, concealed the payments to avoid court oversight.

Law Debenture Trust Co., fiduciary for about 18 percent of the bankrupt media titan's bondholders, on Monday moved the U.S. Bankruptcy Court for the District of Delaware to order the lenders to disgorge professionals' fees paid by subsidiaries like Tribune Cable...
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