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October 30, 2010

Tribune Investors Sue Banks That Arranged Financing

"A group of investors in bankrupt Tribune Co (TRBCQ.PK) 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."

Read the article here.

October 30, 2010 in Current Affairs | Permalink

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