Zell’s request is couched as an objection to the reports creditors will see when they get their ballots to vote on the four competing reorganization proposals for the newspaper publisher and broadcaster. Before the ballots go out, Judge Kevin Carey must find the materials describing the various Chapter 11 plans to the voters contain “adequate information.”
Zell’s objection says it’s not adequate to tell creditors that Tribune’s banks and bondholders and trade creditors all want to sue him. It will only be adequate to tell them that if they sue, they will lose, in the opinion of Zell’s attorneys.
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