Plaintiffs Seek To Lift Stay Of Tribune Clawback Suits

Law360, Wilmington (January 12, 2012, 7:24 PM EST) -- Plaintiffs in a multidistrict litigation hoping to claw back billions from former Tribune Co. shareholders asked a Delaware bankruptcy judge on Thursday to lift a stay of the suits, saying they no longer have any bearing on the media giant’s bankruptcy and should be allowed to proceed.

The 44 fraudulent conveyance suits, now merged in an MDL in New York, were filed by Deutsche Bank Trust Company Americas and two other trustees for Tribune Co. noteholders, taking aim at the $8 billion received by shareholders in...
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