Creditor Decries Dishonesty of Tribune Management

By Andrew Gauthier 

Editor & Publisher

One of the biggest holders of Tribune Co. bonds issued before the Chicago media giant went private in 2007 and bankrupt a year later is asking the judge overseeing the Chapter 11 case to appoint a trustee–saying Tribune management and its senior lenders have acted dishonestly before and during the bankruptcy process.

“This is a case that screams out for the appointment of a trustee,” attorneys for Aurelius Capital Management LLC write in a harshly worded motion in U.S. “The appointment of a trustee is mandatory where, as here, management acts dishonestly or fraudulently.” More…