Federal Judge: Creditors Lack Standing To Pursue Claims Against Tribune

Federal Judge: Creditors Lack Standing To Pursue Claims Against Tribune

NEW YORK - The New York federal judge presiding over the multidistrict litigation that consolidated fraudulent conveyance litigation against bankrupt Tribune Co. on Sept. 23 ruled that individual creditors who have claims against Tribune lack standing to pursue their claims while the Official Committee of Unsecured Creditors is asserting the same claims against the bankruptcy estate (In Re: Fraudulent Conveyance Litigation, MDL No.11-2296, S.D. N.Y.).

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