Tribune Creditors Feud Over Ch. 11 Plan Payouts
In October, U.S. Bankruptcy Judge Kevin J. Carey had rejected Tribune’s previous Chapter 11 plan, but left open questions about the effect of certain subordination agreements on the relative priority of junior noteholders and other creditors at the back of the line to be repaid in the bankruptcy.
Over a two-day hearing that ended Tuesday, those creditors jockeyed for...
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