Tribune Rivals Submit Amended Plans For Creditor Vote

Law360, New York (December 8, 2010, 8:16 PM EST) -- The factions in The Tribune Co.’s bankruptcy submitted revised disclosure statements attached to their competing reorganization plans by Wednesday’s deadline and awaited a judge’s order to begin soliciting votes from creditors.

At a hearing Monday in the U.S. Bankruptcy Court for the District of Delaware, Judge Kevin J. Carey indicated that he would approve the statements, but no order had been entered by Wednesday evening.

The four reorganization plans are distinguished mostly by how each handles claims arising from Sam Zell’s disastrous $8.3 billion leveraged buyout...
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