Tribune, JPMorgan, Others Fight Trustee Bid In Ch. 11

Law360, New York (October 18, 2010, 3:44 PM EDT) -- The Tribune Co., JPMorgan Chase Bank NA and a committee of unsecured creditors have asked a court to deny a bid by Aurelius Capital Management LP to appoint a Chapter 11 trustee in the Tribune bankruptcy, arguing that such a move would be wasteful and unwarranted.

In separate objections lodged Friday, the parties urged the U.S. Bankruptcy Court for the District of Delaware to deny Aurelius’ Sept. 13 motion to displace the debtors-in-possession and allow a trustee to investigate and prosecute claims in the bankruptcy....
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