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Expert Analysis

Tribune Ruling Charts Course For Bankruptcy Safe Harbor

By Ingrid Bagby, Eric Waxman and Anthony De Leo ( January 15, 2020, 6:09 PM EST) -- On Dec. 19, 2019, the U.S. Court of Appeals for the Second Circuit affirmed a ruling of the U.S. District Court for the Southern District of New York in In re Tribune Co. Fraudulent Conveyance Litigation, dismissing constructive fraudulent conveyance claims brought by representatives of certain unsecured creditors of Chapter 11 debtor Tribune Company against Tribune's former shareholders, on the ground that the fraudulent conveyance claims were barred by Bankruptcy Code Section 546(e)'s safe harbor provision.[1]...

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