Hedge Fund Appeals Approval Of Tribune Ch. 11 Plan

Law360, Wilmington (July 24, 2012, 2:22 PM EDT) -- Bondholder Aurelius Capital Management LP on Monday appealed a Delaware bankruptcy judge's approval of Tribune Co.'s reorganization plan, targeting the critical settlement that let bank lenders off the hook for the ill-fated 2007 leveraged buyout of the media giant.

In court documents supporting an appeal to the Delaware district court, the hedge fund asked the bankruptcy court to prevent Tribune from moving forward with the plan until the appeal is resolved.

On July 13, U.S. Bankruptcy Judge Kevin J. Carey approved Tribune’s reorganization plan, which hands...
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