Tribune Wants Examiner To Stay On Records Duty

Law360, Wilmington (September 28, 2012, 8:23 PM EDT) -- Tribune Co. said Friday that the bankruptcy examiner who investigated the disastrous 2007 leveraged buyout of the media giant should not be released from his duty to retain records from the probe, citing the potential need for the documents in looming litigation over the buyout.

In a statement filed in Delaware bankruptcy court, Tribune argued that thousands of undisclosed documents from examiner Kenneth Klee's investigation should be preserved for two more years for the benefit of parties in sprawling multidistrict litigation over the leveraged buyout that...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.