Tribune’s $7B Ch. 11 Plan Cleared For Creditor Vote

Law360, Wilmington (April 16, 2012, 8:26 PM EDT) -- A Delaware bankruptcy judge on Monday approved a set of additional disclosures on Tribune Co.’s amended reorganization plan, clearing the media giant to solicit votes on the $7 billion plan from creditors affected by recent rulings in the case.

At a court hearing in Wilmington, U.S. Bankruptcy Judge Kevin J. Carey said he would sign off on the disclosure statement once submitted with some minor changes discussed at the hearing. Votes will be due May 21, with objections to the plan due the same day, and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.