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Tribune investors sue banks that arranged financing

A group of investors in bankrupt Tribune Co sued JPMorgan, Merrill Lynch, Citicorp and Bank of America, claiming the banks arranged $3.7 billion in loans in 2007 they knew the company could never repay.

 

Tribune Board Said Ready to Oust Chief Executive

Tribune Board Said Ready to Oust Chief Executive

Randy Michaels, the controversial chief executive of the Tribune Company, is expected to be asked to resign.

 

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