Philly Leads Class Action Against Tribune

Law360, New York (February 16, 2006, 12:00 AM EST) -- The city of Philadelphia has joined in the battle against besieged newspaper publisher Tribune Co., taking on the role as lead plaintiff in the securities class action brought against the company after it inflated circulation figures for two New York papers.

The city’s Board of Pensions and Retirements filed a complaint against the parent company of Newsday and Hoy on Feb. 9, demanding a jury trial in the dispute over losses incurred as a result of the company’s inflated circulation figures.

Executives of the Tribune cheated...
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