Tribune Bond Trustees Don't Deserve $13M In Fees, US Says

Law360, New York (April 11, 2013, 2:38 PM EDT) -- The U.S. Trustee’s Office objected Wednesday to more than $13 million in requests for administrative fees from two bondholders' trustees in media conglomerate Tribune Co.’s bankruptcy case, saying the companies’ efforts did not make a substantial contribution to the case.

U.S. Trustee Roberta A. DeAngelis argues that the investigative work of both Wilmington Trust Co. and Law Debenture Trust Co. instead merely doubled up on contributions from other parties involved in the case, and the two bondholders, which together represent a $933 million claim against Tribune,...
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