Tribune Blocks Lenders' Reorganization Plan

Law360, New York (April 14, 2010, 4:45 PM EDT) -- A federal judge has reportedly shot down a bid by a group of lenders holding $3.6 billion in claims against The Tribune Co. to file its own restructuring plan but said he will consider appointing an examiner to probe the company's 2007 leveraged buyout.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware rejected the lenders' bid to terminate the debtors' exclusivity period and postponed ruling on Wilmington Trust Co.'s request that he appoint an examiner at a hearing Tuesday, according...
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