Tribune Trustee Wins Control Of $46M Clawback Suits

Law360, Wilmington (March 14, 2013, 10:15 PM EDT) -- Tribune Co.'s litigation trustee on Thursday won control of clawback suits originally launched by the media giant's now-disbanded creditors committee in an attempt to recover $46 million in allegedly preferential payments made to 18 terminated Tribune executives.

Rejecting objections from Tribune and the targeted executives, U.S. Bankruptcy Judge Kevin J. Carey approved trustee Marc S. Kirschner's motion to replace the committee as plaintiff in the 18 avoidance actions, whose ownership had been at issue because of a debatable definition in the company's confirmed Chapter 11 plan....
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