Tribune Company's bankruptcy reorganization plan established under the trustee filed a new lawsuit, more than 2007 leveraged buyout billionaire Sam Zell (Sam Zell), leave the media conglomerate saddled with insurmountable debt leadership.
Earlier this month in New York federal district court to modify the forum unsecured creditors committee initially proposed complaint.
Forum plans include reconciliation, litigation, while allowing other litigation, including Zell and other forums as officers and directors and certain shareholders cashed buyout shield buyout lenders.
Court-appointed examiner at the end of 2010 the final step buyout may constitute fraud.
According to the Forum program, will go to any action to recover the first $ 900,000 retirees and senior unsecured bondholders.
 



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