Tribune Judge Urges Talks, Raises Specter Of Trustee

Law360, New York (March 18, 2011, 8:18 PM EDT) -- The federal judge overseeing Tribune Co.’s bankruptcy plan confirmation fight in Delaware urged both sides on Friday to return to the negotiating table, suggesting that the evidence presented so far has not swayed him either way.

At a hearing in the U.S. Bankruptcy Court for the District of Delaware, Judge Kevin J. Carey backed up his plea with a threat, albeit conditional, saying he might reject both of the rival reorganization plans and would then consider appointing a Chapter 11 trustee to resolve the matter....
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