Tribune Competing Creditors Make Final Pitches on Reorganization Plans

By: Steven Church | Bloomberg.com

Tribune Co.’s creditors, divided over whether to settle with or sue JPMorgan Chase & Co. (JPM), made their final pleas to the judge overseeing the newspaper publisher’s bankruptcy.

After more than five hours of argument, U.S. Bankruptcy Judge Kevin J. Carey ended a hearing in Wilmington, Delaware, without saying which of two reorganization plans he favored.

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