Creditors Want Tribune Confirmation Hearing Delayed

Law360, New York (August 2, 2010, 4:51 PM EDT) -- A group of creditors has asked to postpone for at least three months a hearing on The Tribune Co.'s reorganization plan to allow more time to review a 1,000-page examiner's report that found the $8.3 billion leveraged buyout of the company in 2007 involved fraudulent transfers.

Wells Fargo Bank NA, the bridge agent for a $1.6 billion senior secured loan to the company, said in a motion Friday in the U.S. District Court for the District of Delaware that the revelations in the examiner's report, as...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.