Tribune Slams Bond Trustees' $13M Reimbursement Bid

Law360, Wilmington (March 29, 2013, 6:51 PM EDT) -- Tribune Co. urged a Delaware bankruptcy judge Thursday to spike requests from bondholders' trustees looking to recoup $13.2 million in administrative expenses, saying their claims to have provided a substantial benefit are belied by their continual efforts to impede the company's reorganization.

In a claims 59-page objection, Tribune slammed indenture trustees Wilmington Trust Co. and Law Debenture Trust Co., who both asserted that their efforts during the media giant's bankruptcy case brought creditors much-improved recoveries under the final Chapter 11 plan and merited reimbursement of their...
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