Tribune Bond Trustees Seek $13.2M For Investigating LBO

Law360, Wilmington (March 4, 2013, 11:07 PM EST) -- Two trustees for Tribune Co. bondholders asked a Delaware bankruptcy judge Friday for a total of $13.2 million in reimbursement, each trumpeting that their calls for investigation into the media giant's catastrophic leveraged buyout resulted in greatly improved recoveries for creditors.

In separate motions seeking $7.1 million and $6.1 million respectively, indenture trustees Wilmington Trust Co. and Law Debenture Trust Co. laid claim to the starring role in the probe of Sam Zell's 2007 LBO, which saddled the Chicago-based conglomerate with some $13 billion in debt...
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