Tribune Experts Defend Key Aspects Of Ch. 11 Plan

Law360, New York (March 11, 2011, 8:23 PM EST) -- An array of expert witnesses testified for Tribune Co.'s reorganization plan in Delaware this week, defending the media giant's purported $6.75 billion valuation and claiming the company was solvent in 2007 when Sam Zell acquired it in a leveraged buyout.

The two assertions are crucial to proving that Tribune’s decision to settle claims against lenders involved in the LBO — which heaped $10 billion in debt on the company — provides a better outcome for creditors than a rival plan vying for confirmation in the U.S....
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