Merrill Says Tribune Creditors Are Pursuing Wrong Bank

Law360, New York (October 20, 2010, 12:38 PM EDT) -- Merrill Lynch & Co. Inc. said Tribune Co. creditors should not be allowed to pursue fees and interest related to a $1.6 billion bridge facility issued to the failed media giant because the investment bank has not been the administrative agent on the loan since April.

In a filing Tuesday in the U.S. Bankruptcy Court for the District of Delaware, Merrill Lynch said that even if the official committee of unsecured creditors intended to pursue claims against it, rulings in the Delaware bankruptcy court have barred...
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