December 22, 2008 -LawFuel Legal Announcements – Chadbourne & Parke LLP has been selected as counsel to the Official Committee of Unsecured Creditors in the Tribune Co. Chapter 11 case.
The Firm was chosen at a committee formation meeting of creditors on December 18. Tribune, owner of 25 TV stations and 12 newspapers, including the Los Angeles Times, Baltimore Sun and Chicago Tribune, filed for Chapter 11 on December 8, listing liabilities of $13 billion and assets of $7.6 billion.
The engagement is being led by Howard Seife, chair of Chadbourne’s Bankruptcy and Restructuring Practice. Mr. Seife previously represented creditors’ committees in the Chapter 11 cases filed by the New York Daily News (Maxwell Newspapers) and the New York Post. Other senior members of the Chadbourne team are partner David LeMay and counsel Douglas Deutsch.
Chadbourne’s bankruptcy practice has handled several recent high profile creditor committee representations, including Spiegel Inc./Eddie Bauer, ACA Financial Guaranty and Parmalat USA.
The Tribune Creditors’ Committee is comprised of JP Morgan Chase Bank and Warner Bros. Television (as Committee Co-Chairs), together with Deutsche Bank Trust Company Americas, Merrill Lynch Capital Corp., William Niese, the Pension Benefit Guaranty Corp., Vertis, Inc. and the Washington-Baltimore Newspaper Guild Local 32035.
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