Tribune Seeks Info On Aurelius Trades

Law360, New York (February 15, 2011, 5:30 PM EST) -- Tribune Co. on Tuesday said that discovery into Aurelius Capital Management LP’s trades in the bankrupt media giant’s debt could reveal bad faith related to the noteholder's competing reorganization plan.

Attorneys for JPMorgan Chase Bank NA, a lender co-sponsoring Tribune’s preferred reorganization plan, argued in the U.S. Bankruptcy Court for the District of Delaware that Aurelius engaged in several suspect trades during the bankruptcy that called into question the hedge fund’s motives in filing a rival Chapter 11 plan.

Tribune and other proponents of its plan...
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