JPML Consolidates 44 Tribune Clawback Suits

Law360, New York (December 20, 2011, 6:45 PM EST) -- The U.S. Judicial Panel on Multidistrict Litigation on Monday consolidated 44 fraudulent conveyance suits brought by Deutsche Bank Trust Co. Americas and others against former Tribune Co. shareholders that allegedly benefited from the bankrupt publisher's ill-fated leveraged buyout in 2007.

The panel said centralizing the cases in the Southern District of New York for pretrial proceedings “will eliminate duplicative discovery, prevent inconsistent pretrial rulings, and conserve the resources of the parties, their counsel and the judiciary.”

The cases were filed in 21 states.

Deutsche Bank and...
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