Deutsche Bank Launches New Suit Over $8B Tribune Buyout

Law360, New York (August 24, 2011, 5:44 PM EDT) -- Deutsche Bank AG sued OppenheimerFunds Inc. mutual funds Tuesday in Colorado federal court seeking to recover payouts that the funds — former Tribune Co. shareholders — received in the $8.3 billion leveraged buyout that bankrupted the media company.

Deutsche Bank, Law Debenture Trust Co. of New York and Wilmington Trust Co. filed the suit on behalf of noteholders owed almost $5 billion, another in a number of suits in their nationwide effort to salvage funds for creditors left empty-handed when the publisher went bankrupt in December...
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