DOL Objects To Tribune Plans' ERISA Provisions

Law360, New York (November 17, 2010, 2:57 PM EST) -- The U.S. Department of Labor has filed an objection to the competing reorganization plans submitted by The Tribune Co. and its creditors, saying they don't do enough to provide for potential remedies that will arise from an ongoing Employee Retirement Income Security Act probe.

The DOL filed its objection to the plans' disclosure statements amid a slew of other smaller objections in the U.S. Bankruptcy Court for the District of Delaware on Tuesday.

Labor Secretary Hilda Solis has initiated an investigation with respect to the Tribune...
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