2nd Circ. Says Tribune Creditors Can't Touch Stock Payouts

By Jody Godoy (March 24, 2016, 6:31 PM EDT) -- The Second Circuit on Thursday said Tribune Co. creditors can't claw back $8.3 billion stockholders received in a leveraged buyout ahead of the company's bankruptcy, holding that the Bankruptcy Code prohibits such actions because they would saddle the market with uncertainty....

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