Settlement Offer

The form settlement agreement related to the April 3, 2019 notice to certain shareholder defendants can be viewed here.

Prior Offers

On March 27, 2018, following the Supreme Court opinion in Merit Management, the Tribune Litigation Trustee extended the following settlement offer to all shareholder defendants: Settlement Offer. This offer expired on May 11, 2018. A summary of the actions relevant to the Settlement Offer is available here. Answers to Frequently Asked Questions regarding the offer are available here. A Schedule of Noteholder and Retiree Actions is available here. A notice to Tribune Retiree Claimants is available here. The form settlement agreements for this offer can be viewed here and here.

On January 17, 2018, the Tribune Litigation Trustee extended the following settlement offer to a limited group of shareholder defendants: Settlement Offer. This offer was available to shareholder defendants that received between $50,000 and $10 million in combined Tribune LBO proceeds, and per its terms expired on February 28, 2018 when the Supreme Court issued an opinion in the Merit Mgmt. Supreme Court appeal: Opinion. For information purposes only, the form settlement agreements for this offer can be viewed here and here.

On August 21, 2017, the Tribune Litigation Trustee extended the following settlement offer to a limited group of shareholder defendants: Prior Settlement Offer. On October 25, the Trustee extended the deadline for the settlement to November 3, 2017. For information purposes only, the form settlement agreement for this offer can be viewed here.

On February 24, 2014 the Tribune Litigation Trustee extended the following settlement offer to a limited group of shareholder defendants: Prior Settlement Offer. On April 28, the Trustee extended the deadline for the settlement to May 30, 2014. The deadline has now passed to accept the settlement. For information purposes only, the form settlement agreement can be viewed here.

On October 1, 2012, the Committee extended a settlement offer (the "Settlement Offer") to all defendants named in Count XIII of the FitzSimons Action. Pursuant to the terms of the Settlement Offer, the Settlement Offer expired on November 16, 2012. For informational purposes only, a copy of the now expired Settlement Offer can be viewed here.