Vivvo CMS 4.1 http://www.rbr.com/ ©2010 Spoonlabs d.o.o. http://www.rbr.com/files.php?file=rss_logo1_757997737.jpg http://www.rbr.com/ http://www.rbr.com/media-news/21997.html Media News Fri, 05 Mar 2010 12:14:00 -0500 A group of creditors whose junior claims pre-date Tribune Company’s 2007 leveraged buyout (LBO) have sued the senior lenders who funded the LBO http://wareadams@rcn.com Media News Sat, 06 Mar 2010 11:07:43 -0500 As a Chicagoan, and lifetime Democrat, reading of the travails and "skulduggery" of the Tribune pleases. "It could not have happened to a 'nicer' guy"!But my inquiry has always been a legal one about ERISA and the use, or grab, of employee pension and/or profit sharing funds to grease this sleazy transaction. Namely, ERISA funds must be used "for the exclusive benefit of the beneficiaries" and the use of them to grease the buy-out deal has always raised my question, and doubts. Were those ERISA controlled funds properly applied? Do these beneficiaries have a cause of action?In the meantime the Tribune continues as not a "news"paper, but a feature tabloid and highly partisan for anything republican. Why not put the whole historical disgrace of this thing in a Chapter 7 and give it a decent burial? http://www.mchentinc.com Media News Mon, 08 Mar 2010 09:50:11 -0500 Whether the Trib is left or right is immaterial. Clearly somebody did not do right by the junior creditors when they agreed to be subordinated. Any refinancing of this nature should have triggered language that (similar to a "due on sale" clause) would have paid off the PHONES.