Bankruptcy judge in Tribune case orders JPMorgan to provide information sought by lenders
By Randall Chase, APWednesday, June 16, 2010
Judge in Tribune case orders info from JPMorgan
DOVER, Del. — The judge in the Tribune Co.’s bankruptcy case has ordered JPMorgan Chase to turn over information sought by a group of lenders who oppose the company’s reorganization plan.
The lenders told the judge Wednesday that JPMorgan should provide the names and addresses of current holders of Tribune’s credit agreement debt, and a list of payments Tribune made under the credit agreement before filing for bankruptcy in 2008.
The lenders want to use the information in part to try to rally opposition to Tribune’s reorganization plan.
JPMorgan was the administrative agent under the credit agreement and would be among the new owners of Tribune’s properties, which include Los Angeles Times, the Chicago Tribune, and The (Baltimore) Sun, under the company’s proposed reorganization plan.
