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In re Tribune Co.

In re Tribune Co.

Ruling
Confirmation of plans proposed by debtors with Official Committee of Unsecured Creditors and by bond holders denied.
Procedural posture

Before the court were two competing plans of reorganization for the debtors: one proposed jointly by the debtors, the Official Committee of Unsecured Creditors, and certain senior lenders (the DCL Plan), and one proposed jointly by the holders of certain bonds that were issued prior to a 2007 leveraged buyout of the parent company (the Noteholder Plan). The court considered the confirmability of the plans under 11 U.S.C.S. § 1129.

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Commercial opinion summary, case decided on October 31, 2011 , LexisNexis #1111-095