Showing posts with label blago trial. Show all posts
Showing posts with label blago trial. Show all posts

Tuesday, August 17, 2010

Tribune Co. Lawyers Want More Time In The Event Of Bankruptcy

Tribune Co. Lawyers Want More Time In The Event Of Bankruptcy: Lawyers Tribune Co. asked a bankruptcy court to postpone the hearing on confirmation of the proposed plan of reorganization in October the company for an indefinite period.
James Conlan, Sidley Austin LLP attorney who represents the Chicago Tribune, told Judge Kevin Carey in Bankruptcy Court in Delaware that he expects a query on the new date of hearing on Friday - but he does not want to be more accurate since Tuesday sensitivity of ongoing talks on the reconstruction plan. The judge agreed with some reservations, in light of current creditors vote on the plan.
"I clearly do not want to lurch from distribution to extension in the middle of the voting process," the judge said, Mr. Carey Conlan during the hearings. "I think that offers confusion.