2 Tribune Trustees Want More Than $13.25M For Leveraged Buyout Investigation

WILMINGTON, Del. - Wilmington Trust Co., as indenture trustee for bankrupt media entity Tribune Co., on March 1 asserted a claim for more than $7.14 million related to costs it incurred related to an examiner's investigation of Tribune's failed leveraged buyout (LBO). Wilmington Trust argues that the examiner's work resulted in catching fraud as well as renegotiating Tribune's successful plan of reorganization (In Re: Tribune Company, No. 08-13141, Chapter 11, D. Del. Bkcy.). Full story on lexis.com