Deutsche Drops BofA, Others From Tribune LBO MDL

Law360, New York (October 12, 2012, 7:25 PM EDT) -- Tribune Co. note trustee Deutsche Bank Trust Co. Americas on Thursday dropped Bank of America Corp. and numerous other defendants from its action seeking redress over the 2007 leveraged buyout that handed billions to former shareholders and tipped the media giant into bankruptcy.

In its notices of dismissal without prejudice, Deutsche, along with Wilmington Trust Co. and Law Debenture Trust Co., fellow trustees for various Tribune notes, said the defendants they are dropping from the action have neither answered nor moved for summary judgment or were...
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