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Oaktree, Angelo Gordon File Alternative Tribune Plan

Law360 (September 20, 2010, 4:37 PM EDT) -- Tribune Co. creditors Oaktree Capital Management LP and Angelo Gordon & Co. LP have filed their own restructuring plan that, they say, could lead the media company out of bankruptcy quickly if an upcoming mediation over Chapter 11 plan terms fails to bear fruit.

Oaktree and Angelo Gordon filed their Chapter 11 plan and related disclosure statement in the U.S. District Court for the District of Delaware on Friday.

The so-called credit agreement lender plan is being presented as an alternative, just in case the mediation...
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