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In Re: Tribune Litigation
Case Number:
13-3992
Court:
Nature of Suit:
Companies
Government Agencies
Sectors & Industries:
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March 24, 2016
2nd Circ. Says Tribune Creditors Can't Touch Stock Payouts
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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November 05, 2014
2nd Circ. Probes Reach Of Bankruptcy Safe Harbors
Bankruptcy attorneys for Tribune Co., SemGroup LP and their respective creditors argued before a Second Circuit panel Wednesday over the reach of safe-harbor provisions in the U.S. Bankruptcy Code designed to block avoidance litigation that could roil the financial markets.
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July 14, 2014
Bankruptcy Cases To Watch In The 2nd Half Of 2014
As 2014 stretches into its final half, bankruptcy professionals can expect clarification in several areas of uncertainty, including the full scope of bankruptcy courts' powers, clawbacks against international investors, and how to approach a massive municipal insolvency.
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March 11, 2014
SEC Urges 2nd Circ. To Reverse Tribune Unwinding Decision
The U.S. Securities and Exchange Commission urged the Second Circuit on Thursday to overturn a ruling that allowed unsecured creditors to unwind securities actions as part of the Tribune Co.'s bankruptcy proceedings, saying it would hinder its ability to protect the country's markets.