Summary Box: Tribune judge rejects filing of alternative plan, hints at need for examiner
By APTuesday, April 13, 2010
Summary Box: Tribune judge nixes alternative plan
THE RULING: A federal judge overseeing Tribune Co.’s bankruptcy case refused to let a group of creditors file an alternative to the media company’s reorganization plan.
NEXT STEP: Proceedings in the case will for now center on Tribune’s own plan, which already has been criticized by two groups of creditors.
COURT HEARING: On May 20 the judge will consider approval of a disclosure statement that’s supposed to help creditors make informed judgments about the reorganization plan.
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