Law360, New York (November 09, 2010, 12:49 PM ET) -- Unsecured creditors for The Tribune Co. are seeking to withhold bonuses from five executives who a bankruptcy examiner found likely breached their fiduciary duties, committed intentional wrongdoing, or performed little diligence before authorizing guarantees on billions of dollars in debt in a contentious 2007 leveraged buyout.
The official committee of unsecured creditors on Monday filed a limited objection to a move by debtors to implement their 2010 management incentive plan, which has previously drawn fire from other parties in Tribune's bankruptcy in the U.S. Bankruptcy Court...
Tribune Creditors Want To Strip Execs Of Bonuses
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