Sam Zell May Not Get Tribune Co. Bankruptcy Payout After All
Tribune Company’s protracted bankruptcy isn’t going to be resolved anytime soon. U.S. Bankruptcy Judge Kevin Carey said in a ruling yesterday that he wouldn’t hold hearings to end the case until May at the earliest. Some apparent good news, however, did come out of Carey’s ruling yesterday.
From the LA Times:
In his order, Carey reversed part of a ruling he made in October that seemed to give an advantage to a deeply subordinated class of note holders known as the Phones.
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