September 10, 2012
Junior creditors of Tribune Co., including Aurelius Capital Management LP, that are challenging a bankruptcy court's demand that they post a $1.5 billion bond to stay the media giant's restructuring for an appeal can't contest the order in an appeals court, the Third Circuit said Monday.
August 28, 2012
Tribune Co.'s junior creditors can't avoid posting a $1.5 billion bond if they want to stay implementation of the media giant's reorganization plan for an appeal, a Delaware federal judge ruled Monday.