Court Appoints Mediator for Tribune

Sheahan, Matthew
September 2010
High Yield Report;9/6/2010, Vol. 21 Issue 36, p7
The article reports on the appointment by the U.S. Bankruptcy Court for the District of Delaware, of federal judge Kevin Gross as the mediator for the Chapter 11 bankruptcy case of Tribune. It mentions that a report issued in September 2010 by court-appointed examiner Kenneth Klee claimed Tribune executives engaged in intentional fraud in the deal to sell the company to real estate magnate Sam Zell. After being taken private by Zell, Tribune filed for bankruptcy, listing 7.6 billion U.S. dollars in assets and 12.9 billion U.S. dollars in debt.


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