A group of Tribune Co. creditors sued the banks behind the publisher's 2007 leveraged buyout, claiming the $8 billion in loans they arranged for the deal doomed the company to bankruptcy.

Wilmington Trust Co., the agent for bondholders owed $1.2 billion, filed the lawsuit late last week in U.S. Bankruptcy Court in Wilmington, Del., against JPMorgan Chase Bank, Merrill Lynch Capital Corp., Citibank NA, Bank of America NA and Morgan Stanley & Co.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.