Zell, Tribune Creditors Spar Over Ch. 11 Plans

Law360, New York (February 17, 2011, 6:54 PM EST) -- Tribune Co. and its creditors have raised objections to one of two competing reorganization plans that remain in the Chapter 11 proceedings for the bankrupt media giant.

JPMorgan Chase Bank NA and other lenders, along with the unsecured creditors' committee and the debtors' committee, object to the plan proposed by senior noteholder Aurelius Capital Management LP, while former Tribune CEO Samuel Zell is opposed to both the Aurelius plan and the one proposed by Tribune, according to documents filed this week in the U.S. Bankruptcy Court...
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