Buyout Advisers Dismissed From Tribune Co. Ch. 11 MDL

Law360 (January 24, 2019, 8:55 PM EST) -- A New York federal judge has dismissed six firms that advised on the 2007 leveraged buyout of Tribune Co. from multidistrict litigation over the media company’s 2008 bankruptcy, saying they can’t be held liable for the alleged wrongdoing of Tribune’s own management.

In a Wednesday decision that also partially dismissed claims against real estate mogul Sam Zell for his part in the deal, U.S. District Judge Denise Cote dismissed claims against the firms — GreatBanc Trust Co., Morgan Stanley & Co., Merrill Lynch, Citigroup Global Markets Inc., Duff & Phelps LLC and Valuation Research Corp. — for their roles as advisers on...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!