Former Trib officials allowed to file late claims

AP News
Posted: May 25, 2011 5:34 PM
Former Trib officials allowed to file late claims

A federal judge in Delaware is allowing 10 former Tribune Co. directors and officers to file claims against the company in its bankruptcy case.

The 10 are among the defendants in lawsuits filed by Tribune's committee of unsecured creditors, which claims they received improper payments in connection with the company's 2007 buyout. They want Tribune to cover any judgments that might be entered against them, as well as their legal costs.

The lawsuits were filed after a deadline for filing bankruptcy claims expired, and the judge suggested Wednesday it would be unfair to not let them file their claims.

The judge will hear final arguments next month on competing plans to reorganize Tribune Co.'s finances. Tribune owns the Los Angeles Times, the Chicago Tribune and other newspapers and TV stations.