Ex-Tribune Execs Say Trustee Can't Grab $46M Clawback Suits

Law360, Wilmington (March 7, 2013, 10:33 PM EST) -- Terminated Tribune Co. executives on Wednesday asked a Delaware bankruptcy judge to reject a bid by the litigation trustee to take control of clawback suits targeting $46 million they received as compensation, saying the actions rightfully belong to the now-reorganized company.

Originally brought by the creditors committee in 2010, the clawback suits are a subset of adversary complaints seeking to recover allegedly preferential payments made to Tribune executives prior to the company's decent into bankruptcy in 2008.

The media giant emerged from bankruptcy Dec. 31 under...
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