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Monday, April 12, 2010 7:43:33 PM
http://finance.yahoo.com/news/Tribune-Co-files-bankruptcy-apf-1804806995.html?x=0&sec=topStories&pos=3&asset=&ccode=
"A separate group of creditors -- junior bondholders represented by Wilmington Trust Co. -- alleged in a lawsuit last month that JPMorgan Chase, Bank of America and other banks that financed the buyout engaged in fraudulent conduct because they knew the debt load would leave Tribune insolvent. Those creditors, which hold $1.2 billion in Tribune bonds that they stand to lose in the case, filed a separate objection Monday."
"The lenders argue that they would be left "holding the bag," while Zell, other current and former Tribune directors and officers, and JPMorgan and the other banks that financed the buyout, would be absolved of any liability and "released for free," without making any payment or consideration to creditors."
If we can take them down, I think it's our DUTY! IMO of course.
GO EC, SOLOMON and WaMuQ
![smile](/images/emoticon01.gif)
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