Tribune's

The theory allows creditors to argue that the banks financing Tribune's buyout and the shareholders who cashed out should have known the deal would destroy the company.

At Tribune, Battle Expands Mike Spector 2011

Hedge fund Stark Investments, one of Tribune's biggest investors prior to the 2007 buyout, already has begun setting aside money in anticipation of a settlement or judgment, said people familiar with the matter.

At Tribune, Battle Expands Mike Spector 2011

According to the hedge fund, continued litigation over the LBO would bring in $2 billion more for creditors than the settlement embodies in Tribune's plan.

Chapter 11 Exit Plans for Tribune Rejected Marie Beaudette 2011

The trio held at least a third of Tribune's shares and reaped more than $2 billion in the buyout, according to creditors.

At Tribune, Battle Expands Mike Spector 2011

The Tribune's poll gave Chico 19 percent of the vote, and he appears to be making a play for the 12 percent of Chicagoans that remain undecided--by painting frontrunner Emanuel as a rich outsider.

Chico Paints Rahm Emanuel As An Outsider, Creeps Up In New Poll Jen Sabella 2011

"The overwhelming majority of creditors have made their preference for the settlement known through the voting results," the judge wrote, referencing a creditor vote that favored Tribune's plan.

Chapter 11 Exit Plans for Tribune Rejected Marie Beaudette 2011

Judge Carey's ruling followed a hard-fought contest over how much lenders should have to pay to escape liability for their role in the LBO, which piled more than $8 billion in debt onto Tribune's balance sheet.

Chapter 11 Exit Plans for Tribune Rejected Marie Beaudette 2011

Aurelius has said Tribune's plan would settle the buyout claims too cheaply.

Chapter 11 Exit Plans for Tribune Rejected Marie Beaudette 2011

Tribune's plan incorporates a $423 million settlement over LBO-related claims aimed at some of the lenders.

Chapter 11 Exit Plans for Tribune Rejected Marie Beaudette 2011

The Tribune's poll gave Chico 19 percent of the vote, and he appears to be making a play for the 12 percent of Chicagoans that remain undecided--by painting frontrunner Emanuel as a rich outsider.

Chico Paints Rahm Emanuel As An Outsider, Creeps Up In New Poll Jen Sabella 2011